European shares advanced following last week’s decline after a slew of corporate earnings with Carlsberg lifting the benchmark index.
The Stoxx Europe 600 Index added 0.2% to 335.91, 8:11 am, London time. The index has previously sank by 0.5% in last week’s trade with losses in banks overshadowing the European Central Bank announcement from its President, Mario Draghi, that reassured market participants that the ECB is ready with all policy makers all backing the idea of a money boost as stimulus if the need for it arises. UK’s FTSE 100 added 0.41% or 26.94 points 6,594.18. Germany’s DAX Index and France’s CAC 40 Index both advanced by 0.31% or 28.66 points to 9,320.49 and 0.56% or 23.48 points to 4,213.37 respectively.
Russian brewer, Carlsberg surged by 3.4% after the company reported that its third-quarter profit earnings matched it profit forecast. Nutreco surged by 13%.
Investors are anticipating a slew of company profit earnings for the week with 68 companies of the Stoxx 600 expected to release reports.
Asian stocks rallied after regulators announced that the trading link between Shanghai and Hong Kong will be established after a week. Japanese shares dropped after a three-week rally on a stronger yen that was bolstered by the worse-than-expected US jobs data. The US jobs data showed that even though the US employment numbers exceeded the 200,000 mark for the ninth consecutive month in October, it fell short of the 235,000 forecast. The data showed a 214,000 increase. The jobless rate fell to its lowest in six years, shedding 5.8%. According to reports the Hong Kong-Shanghai trading link will be introduced on November 17. The link will expose to investors a $4.2 trillion worth of equity market.
The material has been provided by InstaForex Company – www.instaforex.com
European shares advanced following last week’s decline after a slew of corporate earnings with Carlsberg lifting the benchmark index.
The Stoxx Europe 600 Index added 0.2% to 335.91, 8:11 am, London time. The index has previously sank by 0.5% in last week’s trade with losses in banks overshadowing the European Central Bank announcement from its President, Mario Draghi, that reassured market participants that the ECB is ready with all policy makers all backing the idea of a money boost as stimulus if the need for it arises. UK’s FTSE 100 added 0.41% or 26.94 points 6,594.18. Germany’s DAX Index and France’s CAC 40 Index both advanced by 0.31% or 28.66 points to 9,320.49 and 0.56% or 23.48 points to 4,213.37 respectively.
Russian brewer, Carlsberg surged by 3.4% after the company reported that its third-quarter profit earnings matched it profit forecast. Nutreco surged by 13%.
Investors are anticipating a slew of company profit earnings for the week with 68 companies of the Stoxx 600 expected to release reports.
Asian stocks rallied after regulators announced that the trading link between Shanghai and Hong Kong will be established after a week. Japanese shares dropped after a three-week rally on a stronger yen that was bolstered by the worse-than-expected US jobs data. The US jobs data showed that even though the US employment numbers exceeded the 200,000 mark for the ninth consecutive month in October, it fell short of the 235,000 forecast. The data showed a 214,000 increase. The jobless rate fell to its lowest in six years, shedding 5.8%. According to reports the Hong Kong-Shanghai trading link will be introduced on November 17. The link will expose to investors a $4.2 trillion worth of equity market.
The material has been provided by InstaForex Company – www.instaforex.com
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