TELETRADER News
2/9/2017, 9:20 AM (Source: TeleTrader)
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Equities in Europe rally with solid company results

Traders took indexes at European stock markets higher on Thursday, in the heat of the quarterly earnings season, after yesterday the British Parliament backed the Brexit process by adopting a crucial law. Market watchers were waiting for the weekly jobless claims report and the wholesale inventories update in the United States, due later today. James Bullard and Charles Evans, officials of the Federal Reserve, are expected to shed some light on monetary policy measures, as rate-setters are convening next month.

The FTSE 100 edged 0.19% higher in London. Rio Tinto jumped 1.11%, followed by BP at the top of the chart, advancing marginally less. The French CAC 40 index strengthened 0.54%, led by Societe Generale's surge of 3.45% and Total's increase of 1.65%.

The DAX, benchmark for the German market, opened 0.37% higher, as utilities RWE and E.ON led the gainers pack with rallies of 1.75% and 1.38%, respectively. The FTSE MIB was 0.42% in the green in the first few minutes of trading. Mediobanca soared 1.74%. The pound moved 0.27% to positive territory against the dollar, to $1.2564, while the euro was flat at $1.06898 (both 9:17 am CET).

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