European stocks rise as fears of the global banking crisis recede

London, March 21: European stock indices rose during the day’s trading, with the receding of investors’ fears about the global banking crisis after the collapse of the US “Silicon Valley” bank.
And by 05:25 pm UAE time, the European Stoxx 600 index rose by 1.6 percent, or the equivalent of 7.04 points, to reach 447.64 points.
The German “DAX” index rose by 1.84 percent, or 274.9 points, to reach 15,208.28 points, and the French “CAC 40” index increased by 1.8 points, or 126.2 percent, to 7,139.36 points.
The “Euro Stoxx 50” index increased by 1.85 percent, or 76.36 points, to reach the level of 4195.78 points, while the British “FTSE 100” index increased by 1.79 percent, or the equivalent of 132.26, to reach the level of 7536.44 points.