Euro stocks rally after US companies certify results

Following gains on the Asian and U.S. stock exchanges, the leading indexes of the European stock markets were trading higher by late Thursday morning with stocks in technology and telecommunication companies fairing well.

The robust markets come on the heels of the Wednesday deadline set by the U.S. Securities and Exchange Commission (SEC) for chief executive officers (CEO) and chief financial officers (CFO) of more than 900 of the largest companies in the U.S. to personally certify the accuracy of their company’s latest financial reports.

By late morning on the London Stock Exchange, shares in the top 100 stocks on the exchange, the FTSE 100, had gained 109.3 points, or 2.62 per cent to 4,280.40.

Just before noon, the Frankfurt Stock Exchange posted gains with the DAX-30 index increasing by 2.47 per cent or 88.61 points to 3,678.53, and the CAC 40 index on the Paris Stock Exchange was trading at 3,330.41 points, a gain of 89.60 points or 2.76 per cent.

Strong leaders included mobile telecommunication operators Vodafone Group PLC (VOD), up

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