European stocks start higher

European stocks start higher

On Wednesday, European markets started higher because market participants focused on a fresh batch of corporate earnings reports and the Fed’s monthly policy verdict due later in the day.

The EURO STOXX 50 headed north 0.22%, France’s CAC 40 gained 0.01%, Germany’s DAX 30 earned 0.09%, while Spain's IBEX 35 soared 0.25%.

Later on Wednesday, the major US bank was believed to leave interest rates intact at the conclusion of its two-day policy gathering. However, market participants were awaiting any indications that the key US bank will resume lifting rates next month as anticipated, and the timing of any rate lifts next year.

Meanwhile, in the European Union Spanish political tensions relieved. Carles Puigdemont, Catalonia’s deposed president pledged to respect the results of December’s shocking regional elections and added he would get back to Spain immediately on the condition a fair judicial process were guaranteed.

FTSE 100 edged up 0.35%, underpinned by Paddy Power Betfair PLC, whose equities rallied 4.15% after the betting company posted a soar in third-quarter profits as well as underlying revenues.  

 

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