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- European stock markets mid-session: European indices rally after FED statement
European stock markets mid-session: European indices rally after FED statement
European indices continued to climb for a third day after the FED statement to start rising interest rates next year but not in the first quarter and the positive outlook on the U.S. economy and U.S. indices rally. Greek's Prime Minister Antonis Samaras failed to gather enough votes for his nominee in parliamentary vote for president moving the country closer to elections, endangering the austerity policy. Retail Sales in the United Kingdom beat expectations in November with a reading of +1.6% beating expectations of an increase of +0.3%. German IFO Business Climate published earlier in the session was slightly below forecast with a reading of 105.5.
In today's session the FTSE 100 index added +0.94% quoted at 6,395.83 points, France's CAC 40 rose +2.26% trading at 4,205.02. Germany's DAX 30 is currently trading +1.87% at 9,722.52 points.
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