Economy
In reply to the discussion: STOCK MARKET WATCH, Monday, December 19, 2011. [View all]Ghost Dog
(16,881 posts)VIENNA (dpa-AFX) - European stocks are posting modest gains on Monday, erasing early losses, as optimism prevailed ahead of a European finance ministers' teleconference later in the day.
The ministers are seeking to finalize a 150bn contribution to the International Monetary Fund and are expected to take a call on the new fiscal compact for the euro area, proposed at the EU summit on December 9. The Dow futures are rising 48 points, helping boost investor sentiment.
The Euro Stoxx 50 index of euro zone blue chippers is up 0.7 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is moving up 0.4 percent.
Around Europe, the German DAX is gaining 0.7 percent, France's CAC 40 is rising half a percent, the U.K.'s FTSE 100 is adding 0.1 percent and Switzerland's SMI is up half a percent.
/... http://www.finanznachrichten.de/nachrichten-2011-12/22246048-european-stocks-erase-early-losses-020.htm