04.11.2008 19:08

European equity bourses are extending gains as Wall Street moves higher


European equity bourses are extending gains with banks and defensive stocks leading the charge as Wall Street moves higher. S&P-500 index has broken key resistance at 985.0 and now threatening to break above 1000.0 level. Xetra-DAX has broken above 5,200 and hitting 16-day highs -- currently at 5,205, up 180pts (+3.56%), CAC-40 is up 125pts (+3.52%) and FTSE-100 is up 142pts (+3.19%).






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