FX & CFD trading involves significant risk
European stocks rose a fourth straight session , this is the longest winning streak in the last two months. Note that this dynamics , primarily related to optimism that the leaders of the Senate of the United States will be able to resume the work of the U.S. government and avoid violating the debt limit .
The pan-European stock index Stoxx Europe 600 index rose 0.83 % to 314.82 - this is the maximum for nearly a month. Inhibit the growth of the European market data on quarterly profits. Analysts lowered the forecast earnings of companies included in the STOXX 600 , up 3% compared with the beginning of the third quarter.
It should also be noted that the impact on the bidding had data for Germany , which showed that investor confidence has increased significantly - up to the level of 52.8 from 49.6 in September. We add that the latest reading was the highest since April 2010 . Economists had expected a decline of this indicator to the level of 49.2 .
As shown by the latest report , which was submitted to the Office for National Statistics , at the end of last month , consumer price inflation in the UK has remained unchanged - at 2.7 percent. Note that inflation continues to remain above the target level of the central bank - at around 2 percent. Economists forecast that the annual inflation rate to fall to 2.6 per cent . A monthly basis, consumer prices rose in September by 0.4 percent, while showing the same growth rate , which was recorded in August. In addition, it was reported that CPIH - a new measure of inflation , which includes the cost of home owners rose by 2.5 percent compared to the previous year , remained unchanged from August .
The Office for National Statistics also reported that core inflation, which excludes prices of energy , food , alcoholic drinks and tobacco rose in September to 2.2 percent from 2 percent in August. Inflation is projected to remain at the level was 2 percent. Meanwhile, another report from the ONS showed that the Producer Price Inflation slowed again in September , registering with the second monthly decline .
FTSE 100 6,549.11 +41.46 +0.64%, CAC 40 4,256.02 +33.06 +0.78%, DAX 8,804.44 +80.63 +0.92%
Rio Tinto rose 4.3 percent. The second -largest mining company, said that in the three months to September 30 was produced 53.4 million tons of iron ore , up from 52.6 million tons a year earlier . Experts expect growth to 53.3 million tons.
Ashtead increased by 3 percent after analysts at JPMorgan upgraded the stock to a level of "buy" from "neutral" , saying that the profits could increase by 41 percent in the 2016 fiscal year on a recovery in the markets.
Man Group Plc rose 4.2 percent as UBS AG added shares of the world's largest public hedge fund to list on the purchase, citing the recent successes block GLG Partner
|remaining time till the new event being published|