European shares rose on Thursday, recovering some of their poise after the previous session's sharp losses, but were still set for their worst month since August, as concern over Spain's financial problems took its toll on investor sentiment.
The FTSEurofirst 300 was up 0.3 percent at 978.62 by 1051 GMT, having shed 1.5 percent on Wednesday, putting it on course for a monthly loss of 6.2 percent, its biggest since a 10.6 percent drop last August when markets were similarly beset by worries about the euro zone debt crisis.
Traders warned of volatility in the weeks to come, with Spain in focus as a surge in its borrowing costs fuels fears it may not be able to fix its banking sector, while elections loom in Greece that could determine whether it stays in the euro zone.
QE Index Up 0.54% in the Early Trade
The QE Index added 48.41 points during the first couple of hours trading on Wednesday 22nd May 2013. The index adding 0.54 percent reached at 9,085.36.
QE sectors indices turned green. T
DFM Index Advances in the Early Trade
The DFM General Index advanced to reach at 2,338.18 levels during the first couple of hours trading on Wednesday 22nd May 2013, adding 18.83 points or 0.81 percent.
Services sector outper
Import tariff value of gold slashed to $440 per 10 gm
In the wake of falling global prices of precious metals, the Government today further slashed the import tariff value of gold to $440 per ten grams, while it has kept the import tariff value of silve
U.K. Budget Deficit Widens as IMF Prepares to Deliver Verdict
Britain’s underlying budget deficit widened in April, dealing a blow to Chancellor of the Exchequer George Osborne as the International Monetary Fund prepares to deliver its verdict on the U.K. econo
ADX Index Turns Green during the Early Trade
The ADX General Index turned slightly green during the early trade on Wednesday 22nd May 2013. The index hovering between north and south reached at 3,512.82 leves, up 0.09 percent or 3.18 points.