European Stocks rebounded today from a last weeks significant drop. Car manufacturer Fiat was among the leading gainers showing indications of buying out Chryslers US unit. However, many investors were positioning for a market pullback expecting that a possible decrease of US stimulus could result in a drop of market prices.
The benchmark European indexes were showing an improvement today. The german, french and Stoxx 50 european indexes all experienced a climb in share price.
Fiat topped the FTSEurofirst 300 index with a raise of 3.2% after the Wall Street Journal reported that italian car manufacturer is looking to finance a possible buyout of US based Chrysler. Analyst speculated on the subject that it could lead to a stock market listing for Chrysler resulting in less debt to pay for Fiat.
The market trend is still bullish according to investors and analysts despite recent cautiousness of traders.
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