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18.12.2013 11:30

European stocks rose

European stocks rose, rebounding from yesterday’s decline, as investors waited for the Federal Reserve to decide whether to reduce its monthly asset purchases. U.S. index futures and Asian shares also gained.

The Stoxx Europe 600 Index added 0.4 percent to 312.65 at 8:36 a.m. in London. The gauge has still fallen 3.9 percent from this year’s high on Nov. 28 as better-than-estimated U.S. economic data led some investors to speculate the Fed will decide to slow bond purchases at today’s meeting. Contracts on the Standard & Poor’s 500 Index increased 0.2 percent today, while the MSCI Asia Pacific Index climbed 0.7 percent.

About 34 percent of economists surveyed by Bloomberg on Dec. 6 predicted that the U.S. central bank will decide to reduce its $85 billion monthly bond-buying program after European markets close today.

TUI gained 3.2 percent to 11.60 euros as Europe’s biggest tour operator posted net income of 4.3 million euros ($5.9 million) for the financial year that ended on Sept. 30. The average analyst estimate had called for a loss.

Elektrobit surged 17 percent to 2.46 euros after the Finnish maker of software products for the automotive industry forecast operating profit of about 8 million euros in 2013. The company predicted 5.1 million euros in November.

Technip slid 7.6 percent to 61.94 euros. The French oilfield-services company said late yesterday that the operating ">FTSE 100 6,507.33 +21.14 +0.33%

CAC 40 4,093.89 +25.25 +0.62%

DAX 9,170.22 +85.10 +0.94%

18.12.2013 13:00

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