European stocks keep to maximums backed by results

European stocks keep to maximums backed by results

On Tuesday, European equities stabilized, underpinned by some well-received earning updates from a number of companies such as food group Danone as well as education firm Pearson.

Credit Suisse found itself in the spotlight with its equities soaring 1.9% following reports that activist investor RBR Capital has started a campaign to break up the Swiss investment bank having built up a minor stake in it.

The STOXX 600 index was intact sticking to 391.43 points, keeping to the four-month maximums reached in the previous session.

Britain’s FTSE stood still before inflation data as well as a testimony by BoE Governor Mark Carney later in the day. Meanwhile, Spain's IBEX declined 0.1% because concerns over the crisis in Catalonia kept unrolling.

Danone reached a fresh record maximum after the world's number one yoghurt maker reported a better-than-anticipated 4.7% soar in underlying third-quarter sales, backed by a firm recovery in demand for infant milk formula as well as water products in China.


American equities are mixed

On Tuesday, American equities pointed to a lower start because a Facebook privacy leak drove fears over ramped up regulation…


ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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