European Stock Index Closed A Record High

The European stock index rose 1.1% on Thursday, closing a record high.

Due to the optimism brought by the M & A exchanges, the health of the German economy and the fact that Greece has successfully repaid its debts, the market anxiety has been alleviated and so on.

Pan European Storck 600 index closed up 1.1%, at 409.15 points, breaking through the previous 405.50 points of the highest closing price, the latter price was hit in March 6, 2000, the background was the vigorous development of the technology industry.

Analysts said the European stock market benefited from the massive bond buying program launched by the European Central Bank in March 9th.

German data: one of the reasons why European stock markets found support on Thursday is that data show that Germany's exports in the euro area's largest economy grew by 1.5% in February, compared with 2.1% in January.

Meanwhile, German industrial production increased by 0.2% in February.

The deal has brought optimism: Lafarge SA and its Swiss rival, Holcim Ltd., confirm that the two companies have appointed Eric Olsen (Olsen) as the CEO of the combined company, thus clearing a barrier for the 40 billion US dollar merger paction, which is awaiting shareholder voting to be held next month.

Lafarge group's share price closed up 5.7%, and ho Rui company also closed up 3.6%.

Greece's relative worries are easing: another focus of market concern is

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According to media reports, the Greek government has successfully paid about 460 million euros (US $500 million).

(IMF) loans.

However, Greece must also extend its treasury bill of more than 2 billion 400 million euros (US $2 billion 600 million) next week.

IG market analyst Alastair Mccaig (Alastair McCaig) pointed out: "the market originally suspected that Greece has the ability to complete its commitment to repay the IMF today.

"

Greece Athens composite index closed up 1.1%, at 776.03 points.

The yield on 10 - year Greek bonds declined by 35 basis points to 11.093%, indicating that investors were comforted by the country's successful debt repayment but still worried about its financial prospects.

Eurozone officials have given Greece six days to revise its economic reform plan, which is the precondition for the eurozone to issue the next salvage fund to the country.

Other markets: the German DAX 30 index closed up 1.1%, at 12166.44 points, while the French CAC 40 index closed up 1.4%, at 5208.95 points.

The FTSE 100 index closed up 1.1%, at 7015.36 points, while Burberry rose 2.8% in its constituent stocks, mainly due to JPMorgan Cazenove Ltd analysts raising the target price of the company.

The market's excitement about European mergers and acquisitions rose on Wednesday, when the Royal Holland Shell Companies agreed to buy the British Gas Group at a price of 47 billion euros (US $69 billion 600 million).