European shares rebounded from losses earlier in Friday's session as strong US retail sales data buoyed markets, although satellite company Eutelsat plunged nearly 30 per cent after slashing its outlook.
The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, but swung back up to close 0.6 per cent higher following the US figures.
The data showed US retail sales in April recorded their biggest increase in a year, suggesting that the world's biggest economy was regaining momentum after growth almost stalled in the first quarter. "The strong US data has lifted European markets, and we are fairly bullish in the medium term," said MB Capital trader Rick Jones.
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The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, but swung back up to close 0.6 per cent higher following the US figures.
The data showed US retail sales in April recorded their biggest increase in a year, suggesting that the world's biggest economy was regaining momentum after growth almost stalled in the first quarter. "The strong US data has lifted European markets, and we are fairly bullish in the medium term," said MB Capital trader Rick Jones.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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