21 December 2011 11:58 [Source: ICIS news]
LONDON (ICIS)--European chemical stocks rose on Wednesday, in line with global markets, as the European Central Bank (ECB) announced it would offer three-year loans to banks to help the eurozone debt crisis.
On Wednesday, the ECB offered low-cost, three-year funds to banks for the first time, in an attempt to improve investor confidence in the eurozone.
At 10:25 London time, the UK’s FTSE 100 index was trading 0.54% up on the previous day’s close. Germany’s DAX had risen 0.98%, and the French CAC 40 was up by 1.18%.
At the same time, the Dow Jones Euro Stoxx Chemicals index was trading up by 1.24%, as shares in many of Europe’s major chemical companies rose.
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