Arab Today, arab today european stocks climb amid earnings before fed
Last Updated : GMT 09:17:44
Arab Today, arab today
Arab Today, arab today

European stocks climb amid earnings, before Fed

Arab Today, arab today

Arab Today, arab today European stocks climb amid earnings, before Fed

European stocks
London - AFP

Europe's main stock markets rose on Wednesday, as traders reacted to a batch of company earnings updates ahead of the Federal Reserve's latest policy statement.

London's benchmark FTSE 100 index gained 0.78 percent to stand at 6,606.30 points around midday in the capital.

Frankfurt's DAX 30 won 0.17 percent to 11,193.18 points and the CAC 40 in Paris advanced by 0.33 percent in value to 4,993.92 compared with Tuesday's close.

The euro dipped to $1.1050 from $1.1058 late in New York on Tuesday.

"European equities are trading higher today seeing some follow-through buying after yesterday's impressive rebound," said Markus Huber, senior analyst at brokers Peregrine & Black.

"Firmer and calmer markets in China overnight and solid earnings reports... are giving markets" a boost, Huber said, adding that all eyes were on the Fed.

Shanghai stocks recovered Wednesday after plunging more than 11 percent in the past three sessions but there were mixed results for other Asian markets, with some unable to sustain an early rally.

Buyers were also given a healthy lead from Wall Street, which climbed Tuesday for the first time after five sessions of losses as dealers await the outcome of the US Federal Reserve policy meeting later in the day.

The Federal Open Market Committee outcome "is going to be very much in focus for all asset classes on a global basis today even though there's no real expectation that we will see any change in the headline rates," said Nour Al-Hammoury, chief market strategist at ADS Securities.

"However many are expecting the Fed to include the latest developments from China and their interpretation of this will be interesting to hear."

While the Fed's policy committee is not expected to announce a rate cut Wednesday, dealers will pore over its latest statement to see if it gives any clues about when it will begin a lift-off, with expectations for either September or December.

- Better for Barclays -

On the corporate front, shares in Barclays rose two percent to 285.4 pence after the troubled British bank said it had increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, including the rigging of foreign exchange.

Volkswagen, which recently pipped Toyota for the world's biggest automaker title, slid 2.31 percent to 186.4 euros after the German auto giant lowered its global sales forecast for 2015, citing weaker demand from China and other key markets.

Peugeot soared 5.62 percent to 18.79 euros, topping the CAC 40, after the French carmaker bounced back from losses to post a net profit in the first half.

Total gained 1.05 percent to 43.67 euros after the French oil giant announced better-than-expected net profits.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european stocks climb amid earnings before fed Arab Today, arab today european stocks climb amid earnings before fed

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday