Major European bourses recover from three-day losing run

EACH of the major European markets showed signs of recovery yesterday following a three-day losing streak.

Better-than-expected economic news from the US and signs that Europe’s policymakers will not let Greece’s woes derail the rest of the eurozone, calmed investors somewhat — with the continent’s three main bourses; the FTSE-100 in London, the DAX in Frankfurt and the CAC-40 in Paris — all up by between 1% and 2.25%.

Frankfurt was the biggest climber, up by nearly 2.3%. In all, eleven of the 18 national benchmark indexes across western Europe were up in the latest trading session.