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18.11.2013 11:32

European shares rose

European shares rose, following the longest streak of weekly gains in 15 months, as investors awaited a Nov. 20 publication of Federal Open Market Committee minutes. U.S. stock-index futures were little changed, and Asian shares advanced.

The FOMC releases minutes from its Oct. 29-30 meeting on Nov. 20. The minutes will probably reveal more details on the debate behind the decision to press on with $85 billion in monthly bond purchases. Economists in a Bloomberg survey estimate that policy makers will wait until a March 18-19 meeting to begin tapering monthly buying to $70 billion.

In Europe, a report on Nov. 21 may show that a composite index of euro-area services and manufacturing rose to 52 this month, from 51.9 in October.

Aberdeen Asset Management Plc jumped 13 percent after Lloyds Banking Group Plc agreed to sell its Scottish Widows Investment Partnership division to the money manager.

Sonova Holding AG advanced 7 percent as the world’s largest hearing-aid maker raised its full-year forecast and said first-half revenue beat analyst estimates.

Petrofac Ltd. plunged 15 percent, the most in almost five years.

FTSE 100 6,718.36 +24.92 +0.37 %

CAC 40 4,310.1 +17.87 +0.42 %

DAX 9,221.21 +52.52 +0.57 %

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