European Shares Recover Ground After Losses

June 21, 2013 Share Print 0

Shares have recovered some ground from Thursday’s steep losses, which came after the US Fed said it could scale back its stimulus programme.

The main share indexes in the UK, Germany and France recorded gains of up to 1% in morning trade.

Earlier, Asian stocks had been mixed, falling sharply at first before recovering some ground later on.

On Thursday, leading US shares saw their biggest fall of the year so far – with the Dow Jones dropping 2.3%.

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.