[] European shares European shares closed slightly higher by drugmakers and Deutsche Bank rose support

Updated: October 20, 2015  Views: 34

Remittance Network October 20 hearing - on Monday (October 19) European stock markets closed slightly higher by Deutsche Bank and pharmaceutical stocks rally boost, but the weak economic data from China, dragging down commodity stocks.

The pan-European FTSEurofirst 300 index of blue chip stocks closed up 0.2 percent, reported 1,438.49 points. Eurozone blue chip stocks Euro STOXX 50 index also rose 0.2%.

When the British FTSE 100 index ended down 0.4 percent, reported 6,352.33 points, the French CAC 40 index edged up 0.03 percent, to close at 4,704.07 points.

German shares DAX index closed up 0.59 percent, reported 10,164.31 points, helped by Deutsche Bank rose 3.7 percent. Deutsche Bank's new chief executive Klein (John Cryan) promote the most 'radical' of consolidation, the bank is restructuring its business the investment bank into two, and some first-class bankers parted ways.

Novo Nordisk and Shire Pharmaceuticals and other stocks also led European stocks rally, and received a brokerage raised rating, Novo Nordisk rose 2.5 percent.

Although European stocks closed higher today, but lower than the highest daily closing level, as commodity stocks fell, while Morgan Stanley's weak performance of the market is also affected.

Morgan Stanley reported third-quarter earnings fell short of expectations, pressure stocks.

China third-quarter gross domestic product (GDP year on year growth fell below 7% as expected, its lowest value since six and a half, the rapid decline in investment in September, industrial low levels, only consumption has become a mainstay.

Some analysts said that China's data may bring pressure to the government, the need for further interest rate cuts and other measures to stimulate economic activity.

German Dax index hour chart shows


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