Europe stocks rally on U.S. debt-deal hopes

Posted by Forexsq 705 days ago (
img forexsq - European stock markets rallied in early action on Monday, as investors welcomed progress in U.S. debt negotiations after congressional leaders expressed optimism a deal can be struck to avert the so-called fiscal cliff.

The Stoxx Europe 600 Index rose 0.9% to 265.28, recouping from a 2.7% loss last week.

Among notable movers in the index, shares of Fugro NV tanked 19%, after the firm said Arnold Steenbakker will step down as chairman of the board of management because of difference of opinions.

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