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Europe Stocks Rally for 4th Straight Session

Written: 2012-07-31 14:14:00Updated: 2012-07-31 16:32:39

Europe Stocks Rally for 4th Straight Session

European stocks have rebounded for the fourth straight session on expectations that the European Central Bank will soon announce measures to address the euro zone debt crisis and buoy the European economy.

In London, the FTSE 100 Index gained one-point-24 percent to end at five-thousand-698-point-73.

In Frankfurt, the DAX 30 Index rose one-point-26 percent to close at six-thousand-774-point-06 while the CAC 40 Index jumped one-point-23 to reach three-thousand-320-point-71 in Paris.

The bourses across Europe saw a simultaneous rally, which reflects expectations that the European Central Bank will announce measures to spur the economy at its monetary policy meeting on August second.

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