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European stocks advanced for a second day as Turkey’s central bank increased interest rates to halt a currency slide that roiled global markets. U.S. stock-index futures and Asian shares also climbed.
The Stoxx Europe 600 Index climbed 0.8 percent to 326.79 at 8:09 a.m. in London.
Turkey’s lira jumped against the dollar today after the central bank raised its repurchase rate to 10 percent from 4.5 percent and boosted other key borrowing costs at a late-night emergency meeting.
In Germany, a gauge of consumer confidence will rise to 8.2 in February from a revised 7.7 in January, Nuremberg-based research company GfK AG said today. That would be the highest since August 2007. Analysts had expected a reading of 7.6, according to the median estimate in a Bloomberg News survey.
Anglo American advanced 5.3 percent to 1,414.5 pence. The owner of the world’s biggest platinum mine said fourth-quarter production of the metal rose 25 percent as it recovered from labor disruptions. It also posted a 25 percent increase in output at its Kumba Iron Ore unit and a 24 percent rise in copper production.
Lloyds added 0.9 percent to 83.6 pence. The lender has begun meeting institutional investors about selling between 30 percent and 50 percent of its TSB bank in an IPO, the Telegraph newspaper reported, citing unidentified fund managers.
Osram Licht AG, the lighting manufacturer that was spun off from Siemens AG, advanced 4.6 percent to 48.31 euros after reporting first-quarter net income of 68 million euros ($92.9 million), beating analyst forecasts for 56.6 million euros.
Mulberry Group Plc tumbled 19 percent to 728 pence after saying full-year pre-tax profit will be substantially below current market estimates. The British luxury-handbag maker said full-year wholesale sales will fall by about 10 percent because of order cancellations from Korean customers.
FTSE 100 6,588.58 +16.25 +0.25%
CAC 40 4,188.09 +2.80 +0.07%
DAX 9,440.02 +33.11 +0.35%
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