European stocks record biggest one-day gain in two years

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European stocks record biggest one-day gain in two years via IrishTimesBiz

said it had suspended all capital investment in Russia.Legal & General Group

jumped 6 per cent after the life insurer and asset manager reported an 11 per cent jump in annual operating profit.leaped 69.2 per cent, rebounding from a record low in the prior session, after the Russia-exposed miner said its Russian operations continued undisrupted., as investors picked up beaten-down stocks following a rout sparked by fears about the fallout from the Ukraine crisis. Italian and French shares jumped around 7 per cent each.

The pan-European Stoxx 600 index rallied 4.7 per cent, breaking a four-day losing streak during which it lost about 7 per cent.jumped 13.6 per cent after the German sportswear company said it was expecting a sales recovery in itsGerman logistics companyBNP Paribas climbed around 10 per cent each, helped by a broad-based rally, as the banks unveiled their exposure to Russia.The tech-heavy Nasdaq surged 3 per cent in early trading, leading a rally on Wall Street. The S&P 500 banks index added 4.9 per cent, powered by a 6.6 per cent rise inTech stocks advanced, while the energy sector was the biggest decliner, down 1.6 per cent, as oil slipped below $125 following a sharp rally this week that helped it breach $130 a barrel.climbed 9 per cent and 8.

 

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