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10/26/2017, 5:38 PM (Source: TeleTrader)
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Europe closes higher on busy earnings day

Stock markets in Europe finished the trading session on Thursday with strong gains as investors digest a day full of earnings reports. Twitter and Ford announced better-than-expected quarterly results before the bell, while Amazon, Alphabet, Microsoft and Intel are set to report after markets close for trading. Meanwhile, the European Central Bank decided to extend the QE program by nine more months while keeping interest rates unchanged. In Spain, Catalan leader Carles Puigdemont proposed to schedule regional elections if the central government gives up on Article 155.

The FTSE 100 gained 0.53% at the finish, with Unilever as the best performer. German DAX was 1.39% higher at the closing bell, fueled by Beiersdorf. In France, the CAC 40 added 1.50% to finish in the green, led by STMicroelectronics shares which surged more than 11%.

The euro was 0.99% lower against the dollar, selling for 1.1697 at 5:34 pm CET. Meanwhile, the pound lost 0.66% against the greenback, going for 1.3176 at 5:35 am CET.

Breaking the News / FH