European stocks market straight as expectations of more central bank support

Brexit referendum turbulence is slowly faded, as reported from Reuters, European shares rose for a fourth straight session on Friday as concerns over Britain's decision to leave the European Union eased, helped by expectations of more central bank support.

Europe stocks exchange rose as reported The pan-European STOXX 600 index .STOXX rose 0.2 percent by 0715 GMT, while the FTSEurofirst 300.FTEU3 added 0.3 percent.

STOXX 600 and FTSE, Both indexes however remain below levels reached before the shock UK vote, which triggered worries about political risk in Europe, weighing on peripheral countries and financial stocks .

Meanwhile The bank index .SX7P rose 1.2 percent, making it the biggest sectoral gainer. Intesa ISP.MI, up 3.7 percent, was the biggest gainer on the FTSEurofirst, while Deutsche Bank DBKGn.DE and Lloyds Bank LLOY.Lwere also up sharply.

Forex traders and stocks Investors said the sector was helped by news that the European Commission had authorised an Italian guarantee scheme to provide liquidity to solvent banks in case of need.

Source : Reuters