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On Thursday, European stocks ascended after the Fed decided to lift interest rates as expected and traders looked ahead to the Bank of England’s monetary policy verdict due later in the trading session.
During European morning trade, the EURO STOXX 50 ascended 0.95%, France’s CAC 40 grew 0.75% and Germany’s DAX 30 acquired 0.99%.
On Wednesday, at the end of its two-day policy gathering the major US bank lifted its interest rates by 25 basis points from 0.75% to 1.00% as expected.
Financial stocks traded mostly higher, as French lenders BNP Paribas as well as Societe Generale soared 1.78% and 2.23% respectively, while Germany’s Commerzbank and Deutsche Bank grew respectively 0.64% and 1.66%.
A for peripheral lenders, Italian Intesa Sanpaolo as well as Unicredit ascended respectively 1.04% and 1.81%, while Spanish banks Banco Santander and BBVA added 1.66% and 1.75%.
Apart from that, Deutsche Lufthansa AG stocks inched up 3.94% after the airline group posted a better-than-expected net revenues for 2016.
In London, FTSE 100 leapt 0.69%, backed by sharp profits in the mining sector.
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On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…
On Wednesday, EU key equities concluded up, recording their fourth straight winning marathon due to profits in the materials as well as chemicals sectors…
On Wednesday, American futures pointed to a lower start because market participants still worry over worsening trade war tensions…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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