European stock markets at three months high while investors expect the extension of the ECB's QE program at today's meeting of the regulator. Indices are rising the fourth consecutive session, showing a record for the duration of the rally in two months.
Today will be held the last in this year's meeting of the ECB, which will discuss the timing and amount of QE program. According to analysts, the bank's management will announce the extension of the program by six months, until September 2017, maintaining the volume of purchase of assets at the same level - 80 billion euros per month.
The ECB, which aims to accelerate the growth of low prices, will report on the main decisions in the field of monetary policy at 12:45 GMT followed by a conference of Mario Draghi at 13:30 GMT.
The composite index of the largest companies in the region Stoxx Europe 600 rose 0,2% - to 348.42 points. The index gained around 2.7% since the beginning of the week and is ready to show the best weekly gain since July.
Demand for shares of mining companies, with the regional index rose by 0.1% during the trading session reached the highest level since mid-2015, after rising metal prices on the background of dollar weakness and good data on imports into China.
The price of securities of the largest Italian bank UniCredit SpA rose by 0.3% on news that the Bank has reached an agreement for the sale of 32.8% stake in the Polish bank Bank Pekao for 10.59 billion zlotys ($ 2.6 billion) .
TUI Group's share price rose 0,6%. The largest tour operator in Europe has increased the profit in 2015-2016 by 13%, despite the decline in revenue.
TUI also announced its intention to increase the dividend payout to 0.63 euros from 0.56 euros per share.
Siemens shares lost 0.2%, although the company said Wednesday that it is guided by a double-digit profit growth rates every year until 2020.
At the moment:
FTSE 6905.05 2.82 0.04%
DAX 11023.27 36.58 0.33%
CAC 4701.82 7.10 0.15%
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