Investors hope the U.S. banking system will revive after losing billions of dollars.
Locally, shares of financial investment companies (SIF) registered the highest increase, an average seven percent, with SIF Oltenia posting a record 10 percent hike.
However, brokers say this is not a signal that Bucharest Stock Exchange (BVB) is entering an ascending path. “On the foreign markets, fundamental issues are still there. The global economy is weaken, given some of Europe’s largest economies are declining,” said brokerage company UniCredit CAIB Securities Romania’s Manager, Liviu Giugiumica.
