LONDON: European stocks rose yesterday and the euro gained against the dollar as traders reacted to a batch of company updates awaiting the outcome of a United States Federal Reserve policy meeting.
London’s FTSE 100 index climbed 0.44 per cent to stand at 6,804.45 points in afternoon deals as dealers digested also eurozone economic data.
Frankfurt’s DAX 30 gained 0.30 per cent to 9,049.02 points and Paris’ CAC 40 added 0.48 per cent to close at 4,298.66 compared with Tuesday’s closing values.
In the meantime, the Madrid market rose 0.26 per cent and Milan advanced by 0.60 per cent.
The “less-than-sparkling European data looks to have been broadly ignored” by markets, said Alastair McCaig, analyst at traders IG. AFP