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European stocks mixed, poised for best monthly gain in 6 years

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The stock markets across Europe trade mixed ahead of the monthly closing, but appear on track for its best monthly gain since 2009.

    At the time of writing, the pan-European Euro Stoxx 600 index advanced 0.20% to trade around 376.46 levels. The blue chip Euro Stoxx 50 index traded largely unchanged. Among regional indices, Germany’s DAX was up 0.14%, while London’s FTSE was down 0.24%. France’s CAC was up 0.17%.

    Shares in French lender BNP Paribas rose 3% after reporting earnings that topped estimates. Renault gained 5% after reporting revenue higher than estimates. The minus side includes Denmark’s GNT Store Nord; down 9.6%. The Greek lender Alpha Bank was down 4%.

    The Stoxx 600 is up more than 8% in October, largely due to expectations that the ECB would come out with more stimulus. The central bank President Draghi did hint at a possibility of more easing – QE, rate cut – in December.
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