Stock Exchanges recoup Tuesday's losses

European stock exchanges rallied on Wednesday, following the trend imposed by Wall Street, with investors showing more confidence that economic problems in the euro zone will be resolved, and that things will calm down in the Korean Peninsula.

After recording 2-3% declines on Tuesday, European stock exchanges rebounded yesterday, offsetting losses recorded on the previous day. The Bucharest Stock Exchange went from a 9% slump on Tuesday to a rise by a similar 9.51% of the BET index, with such fluctuations being rare on this market.

“The stock exchange rally came in response to the report published by the Organisation for Economic Co-operation and Development (OECD), which is more optimistic about economic prospects,” believes Laurian Lungu, managing partner of macroeconomic analysis and consulting company Macroanalitica. “The factors that have a negative impact on the stock exchanges are the crisis in the euro zone, amplified by the lack of direction, the tense situation in North Korea, and the legislation for financial institutions which is to be adopted by the European authorities.”