Author: 123jump.com Staff
123jump.com
Last Update: 7:11 PM EDT April 01 2008
European markets rallied after $15 billion capital infusion plan from UBS lifted investor mood. UBS also said that its long time chairman has been replaced by its general counsel Peter Kurer. However, Deutsche Bank wrote down 2.5 billion of asset backed securities. Switzerland index led the region with a rise of 3.7% followed by more than 3% rise in Spain and France.
Stora Enso and Astra Zeneca jumped more than 7% after brokers lifted their ratings on the companies.
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