European exchanges opened in positive territory amid rising oil prices

European exchanges opened in positive territory amid rising oil prices


Investors hope that the European Central Bank and the Bank of Japan will take additional measures to stimulate the economy, which will help increase demand amid global oversupply in the oil market.

MOSCOW, 25 Jan. Exchange-traded European stocks rise at the opening of trading on Monday, reacting to the positive dynamics in the oil market, according to AFP.

As at 11.07 GMT France’s CAC 40 grew 0.4% to 4354,51 points, German DAX 30 — on 0,3%, to 9789,36 points, British FTSE 100 — on 0,5%, to 5927,21 item.

Oil prices on Monday during the trading session in Asia has maintained positive growth that began in the end of last week. Investors hope that the European Central Bank and the Bank of Japan will take additional measures to stimulate the economy, which will help increase demand amid global oversupply in the oil market.

Following the ECB meeting last week, its head Mario Draghi said that the regulator may take a decision to change its monetary policy at its next meeting in March. His words were received with optimism and caused growth in the stock markets.

In the first hours of trading European investors are also waiting for internal statistics. So, research IFO Institute will publish its business climate index in Germany for January. According to analysts, the index fell to 108,4 points from 108.7 points in December. The index of the current economic situation in Germany, in their opinion, remained at the level in December to 112.8 points, while the economic expectations index dropped to 104.1 points to 104,7 point.