|
|
Article: European stocks rally, with financials stronger
- Article from:
- AP Worldstream
- Article date:
- March 25, 2008
- Author:
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
LONDON _ European stocks rallied Tuesday, led by financials including British mortgage lender HBOS on hopes from some that the worst of the credit crunch may be passed.
Coming off a four-day Easter weekend, the pan-European Dow Jones Stoxx 600 ended 3.3 percent higher to finish at 306.59.
The gains came after a big advance in U.S. stocks on Monday, on the back of surprisingly strong existing-home sales and J.P. Morgan Chase's increased offer for Bear Stearns, as well as a rally across most of Asia overnight. U.S. stocks were slightly higher at the close of European trade on Tuesday.
"We can have relief rallies for awhile and then sell off," said Kostas ...