Stock Markets grew up on hopes of the bank stress test
The UK investors were anticipating that the European banks are going to pass the stress tests to be conducted by the EU.
For this reason only, the stock markets, euro and the oil prices have seen a hike for the fourth consecutive day. This positive anticipation has also helped the euro to reach at a point equivalent to 1.27 dollars.
The price of US light crude oil has risen to 75 dollars per barrel giving some hopes to the US and European countries to avoid the downturn. The London Brent crude oil has also grown up to 75 dollars per barrel.
This has been a good feeling for the investors as after three months, the markets has shown some hope and produced a rise. As per market experts, the investors should be pleased to see the trading of this week.
The bank stocks led the way for market growth in Europe including the French and UK banks as well as the Deutsche Bank and Credit Suisse Bank. Most of the major European Banks have seen a rapid growth and some of them grew by 15% in past two days.