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Stock indices closed higher due to the better-than-expected corporate earnings.
Investors are awaiting the Fed' interest rate decision on Wednesday. They expect that the Fed will end its bond-buying program. Investors are awaiting new signs for further monetary policy in the U.S. The slowdown of the global growth and recent weaker-than-expected U.S. economic data could lead that the Fed will keep its low interest rate for a longer period.
Sanofi shares dropped 10% after the company reported that sales of its diabetes products may not grow next year due to price competition.
Standard Chartered Plc shares fell 9% after reporting a 16% decline in third-quarter profit before taxes.
UBS AG shares rose 5.8% despite the weaker-than-estimated third-quarter profit.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,402.17 +38.71 +0.61%
DAX 9,068.19 +165.58 +1.86%
CAC 40 4,112.67 +15.93 +0.39%
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