Euro Stocks Struggle But Grow…Just

Stock markets throughout major European economies have today closed up on trade yesterday, but only just after market jitters continued to plague trading.

Corporate securities across the Eurozone were traded gingerly throughout the day, as investors and analysts kept the threat of the credit crunch in mind.

In London, the Financial Times Stock Exchange of 100 companies (FTSE 100) was up by 7.40 points on the day, easing it marginally to 6086.1 by the closing bell – up 0.12% on the day.

Meanwhile, the main market in Paris, the CAC 40 was among the biggest gains of the day, rising by 19.40 points to 5418.8 by the end of the day.

In Frankfurt the DAX 30 exchange of the top 30 German corporate securities echoed similar sentiments to the CAC, growing as it did by 17.22 points, despite rumours that German investor confidence may be in for a decline.

On a day in which the Federal Reserve announced its intention to use every tool in its armoury against the credit crunch, markets in Europe at least seem less than impressed, with only marginal growth in the stock indexes.

After news from London that the Bank of England has upped its loans to commercial banks, analysts are predicting uncertainty in European markets could continue towards the end of this week, with a high possibility of negative trading by the start of next week.

The ongoing crisis in the US sub-prime lending sector is continuing to be a source of grief for markets and lenders across Europe and further afield. With uniform tightening lending policies across the Eurozone, analysts are predicting that the effects of the credit crunch could be forced upon businesses and lenders with poorer credit.

Experts are forecasting that after moderate recovery at the start of this week, markets could continue the trends of last week as the days progress.

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