European stocks recover as UK triggers Brexit
|European stocks closed the day higher for a second straight session, as investors didn't pay much attention to the official beginning of the U.K.’s negotiations to leave the European Union.
Rather than Brexit, oil prices were tracked closely by the investors as the EIA inventory report showed that the U.S. crude stockpiles rose less than forecast, allowing oil to extend its gains. Energy shares led the way in the Euro Stoxx 600 with a daily gain of more than 0.8%. During the month of March, the Stoxx 600 index showed its best performance since 2010, gaining about 2.2%.
The FTSE 100, after dropping 0.3%, closed the day at 7.373,50, up 0.39%. Germany’s DAX 30 index gained 59 points, or 0.5% to end the day at 12.208.50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.