Those with investments in the European stock market will be noting a one per cent increase in the continent's indices this week, City Index reports.
The dollar is not faring quite as well, dropping to a 15-month low, while the cost of gold moved up to $1,110 (£666) per ounce, leading to greater investments into European-based Kazakhmys and Rio Tinto .
Both mining firms saw a three per cent rise as fund managers become keener to make more risky investments with the recovering economy.
Joshua Raymond, market strategist at City Index, said: " Investors seem to have shrugged off the weaker jobs data from the US last week and have entered this week more confidently after the G20 finance ministers signalled their intention to maintain stimulus measures."
The news of oil giant BP's £3 billion third-quarter earnings recently sent investment returns in the FTSE past City expectations.
European investments boosted as dollar drops
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European investments boosted as dollar drops
Tue, 10 Nov 2009
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