European stocks rally due to Yellen’s speech and strong retail sales

European Markets Finished Higher After Yellen’s Remarks

  • European markets rally after Yellen’s speech that she will continue the stimulus program, but it will slow down gradually. Due to the continuation of the program it will allow interest rates to be low which can lead to more borrowing and money in the economy to promote growth.
  • Retailers were among the best performing stocks in London, following the January sales data reported by the BRC. Retail companies such as Sports Direct International increased by 3.36 percent and Next gained 2.00 percent. Marks & Spencer climbed by 3.25 percent and Kingfisher added 3.20 percent. Which shows consumers are spending which can help stimulate growth.
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Categories: Capital Markets, Emerging Markets

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