Europe: Shares advance
LONDON: European stock markets rose yesterday cheered accelerating Chinese growth and moved on from the United States debt deal saga.
Markets breathed a sigh of relief that US lawmakers on Wednesday agreed a deal to reopen the government and avert a default, with the earnings season now driving sentiment.
London's benchmark FTSE 100 index climbed 0.51 per cent to 6,609.62 points in afternoon deals.
In the meantime, Frankfurt's DAX 30 edged up 0.26 per cent to 8,834.89 points and in Paris the CAC 40 index grew 0.77 per cent to 4,272.41.
"This marks the first acceleration in growth in three quarters and follows a modest increase in stimulus from the Chinese government earlier in the year," said Jane Foley, an analyst at Rabobank International. Agencies