european stock markets soar
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

European stock markets soar

Arab Today, arab today

Arab Today, arab today European stock markets soar

London - AFP

European stock markets soared Wednesday, bouncing back from sustained heavy losses on hopes that European nations will back their banks to prevent the eurozone crisis from spreading. Germany led the way, with the Frankfurt DAX index up more than 5.0 percent, Paris gained more than 4.0 percent while London, Milan and Madrid all put on more than 3.0 percent as investors focussed on the banks and shrugged off a sharp Moody's ratings downgrade of Italy.  

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