Monday, May 28, 2012

European markets up as Greek poll shows conservative gains

Marketwatch ticker



European stock markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party.

The survey suggested the New Democracy party could gain about a quarter of the votes, leaving it as the biggest party, albeit without overall control.

Elections are due to be held on 17 June.

London, Paris and Frankfurt markets all rose at least 1%.

One company in Spain went a long way in the other direction.

Spain's Bankia, which late on Friday asked for an injection of 19bn euros ($24bn; £15bn) in state support, fell 27% as it resumed trading on Monday.

London's FTSE 100 share index was up 1%, Frankfurt's Dax up 1.2% and Paris's Cac 40 was up by 1.1%.

Although both Germany and France have a public holiday on Monday, their equity markets remain open.



Source & Image : BBC

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