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European stocks rose moderately , reaching a six-year high, as investors are awaiting a decision on the interest rate of the Bank of England and European Central Bank. Asian stocks and futures on U.S. stock indexes rose .
It is expected that the Bank of England will leave monetary policy settings unchanged. According to the Bank of England inflation report, the Central Bank is going to keep rates at a record - low of 0.5 % at least for another year , even if the unemployment rate falls to 7% threshold - that are expected to occur in Q1 2014 . Bank of England pointed out that the British economy will grow even before the Bank to raise rates . But it is worth noting an increase will occur gradually and not to such a high level , which was celebrated before the crisis.
With regard to the ECB meeting , many experts predict that it also does not bring with it a rise in interest rates. Nevertheless , some believe that during the meeting may discuss some non-standard measures of monetary policy. Recall that last month the ECB head Mario Draghi has once again confirmed its willingness to act if the situation with inflation in the region will continue to deteriorate. ECB President stressed that the Central Bank meeting in March will be crucial to determine additional incentives in support of economic activity in the euro area .
Stoxx Europe 600 index rose 0.4 percent, and is now close to its highest level since January 2008 .
Aggreko cost rose by 8 per cent . The world's largest provider of mobile generators said that will provide £ 200 million to shareholders in addition to the dividend on ordinary shares. It also became known that pre-tax profit in 2013 amounted to 338 million pounds, compared with forecasts at 333 million pounds.
Bouygues shares rose 9 percent . Construction and telecommunications group proposed 10.5 billion euros ($ 14.4 billion ) in cash for SFR. This agreement has the potential to enable a company to compete with Orange SA.
The cost of IMI Plc fell 6.3 percent . Engineering company predicts that the ">Paper Balfour Beatty Plc fell 8.5 percent , showing the biggest decline since April. The biggest UK construction company said that by the end of 2013 the volume of sales was at 8.75 billion pounds, compared with the forecasts in the amount of 9.21 billion pounds .
At the current moment
FTSE 100 6,786.91 +11.49 +0.17%
CAC 40 4,416.85 +25.60 +0.58 %
DAX 9,564.42 +22.40 +0.23%
|remaining time till the new event being published|
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