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European stocks rose after Federal Reserve Bank of Chicago President Charles Evans said the central bank should continue to support economic recovery
Also supported the market comments from ECB Praet, who described the current monetary policy appropriate situation because politicians failed to stop the downward spiral despite persisting downside risks to growth. Now working with these "fear" is more important than lower rates, he added.
In November, industrial production in the euro area without correction for the number of working days decreased by 3.7% y / y vs. -3.3% in October, Eurostat said today. Seasonally weighted index fell by 0.3% m / m vs. 1% a month earlier and forecast +0.1%.
Electricite de France SA rose 4.1 percent to 14.22 euros, for the biggest increase since Nov. 23. The French utility said it will receive 4.9 billion euros ($6.5 billion) in staggered payments through December 2018. The compensation relates to deficits in the Contribution to Electricity Public Services mechanism, EDF said.
Cie. de Saint-Gobain SA advanced 3.2 percent to 32.73 euros. Ardagh Group said it has agreed to buy Verallia North America, the glass bottle-and-jar unit of Saint-Gobain, for $1.7 billion to increase its offering of packaging and expand in the U.S.
TNT Express NV shares plunged 43 percent to 4.69 euros. UPS said it expects European Commission antitrust regulators to block its proposed 5.16 billion-euro takeover of TNT. UPS will pay TNT 200 million euros and withdraw the offer if the regulators prohibit it, the Atlanta-based company said. The decision is expected to be formally adopted in coming weeks, UPS added. PostNL NV, which has an almost 30 percent stake in TNT, tumbled 35 percent to 1.85 euros.
FTSE 100 6,128.11 +6.53 +0.11%
CAC 40 3,721.7 +15.68 +0.42%
DAX 7,759.6 +44.07 +0.57%
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