Despite Investors' Fears European Stock Markets Rise After The Announcement of a Rescue Plan Cyprus

European stock markets rose Tuesday amid optimism after the announcement of the rescue package Cyprus, which continued to support investor confidence, despite the president's remarks Groan Dgsl Blom that led to a decline in sentiment and
increase in concerns .






During European morning trade, Euro Stoxx 50 rose by 0.23%, and the French CAC 40 index rose 0.53%, while Germany's DAX 30 rose 0.26%.




But investors remained cautious after The President of The Eurogroup, Groan Dgsl Blom siad that Rescue Program Agreed to save Cyprus represents a new form to solve banking problems in the Euro Zone .


He stated that Cyprus was a special case with special challenges.

Monday morning, Euro zone Finance Ministers wrapped Multi Cyprus bailout of 10 billion euros to Cyprus, which will see the closure of the second largest lender Laiki and inflicting heavy losses on deposits amounting to more than 100. Thousand billion euros

Shares in the financial sector retreat for the most part, where shares fell in French banks BNP Paribas and Societe Generale fell 0.10% 1.36%, while shares in the German Commercial Bank 0.95%. And Deutsche Bank 0.57%.

Shares of banks side rose where Shares of Italian banks UniCredit and Intesa Sanpaolo rose 0.47% 1.13%, so shares in Spanish bank Banco Santander rose 0.37%.

Elsewhere, shares of health care and pharmaceutical companies rose the German Kelso raad by 2.30% after it said profit rose 4.5% to 579.6 million Aorovi 2012.

In London, the FTSE 100 rose 0.09%, where gains were limited due to losses by financial stocks.

Barclays shares fell by 1.14%, and shares declined and Royal Bank of Scotland 1.38%, while shares fell Lloyds Banking 1.51%. Shares of HSBC Holdings rose 0.73%.

At the same time, shares of mining companies for the most part, where Rio Tinto shares fell 0.37% and Eurasian Natural Resources fell 5%, while copper stocks fell Xstrata and Kazakhmys up 0.09% and 10.02%.

In the United States, pointed to rising stock markets ahead of the opening where the Dow Jones Industrial Average rose 0.19%, and the index of the S & P 500 rose 0.20%, while futures on the Nasdaq 0.36%.

Later in the day, the United States will publish government reports on durable goods orders and new home sales as well as a report on consumer confidence.