European shares were up on Wednesday; investors were monitoring the latest earnings announcement.
In the currency market, the single currency rose against the greenback and the safe-haven assets Japanese yen and Swiss franc to trade at 1.1785, 1.1565 and 133.05 respectively at 18:00 GMT.
European primary index Stoxx 600 added 0.29 percent or 1.12 points to close the session in positive territory at 391.56 supported by the gains in the sectors of Industrial, Financials and Consumer Non-Cyclicals.
Looking at individual stocks, Akzo Nobel group fell by 1.84 percent after the firm announced that its anticipating positive development in EMEA region (excluding the UK) and North America going forward. However, the company reported lower-than-expected third-quarter operating earnings of $451 million on Wednesday.
Moreover, investors are keeping an eye on the news regarding Brexit and Catalonia.
UK’s equities ended today’s trading session in positive territory where UK’s leading benchmark added 0.36 percent or 26.70 points to settle up at 7,542.87 supported by the gains in all sectors except the sectors of Healthcare and Basic Materials.
Looking at specific stocks, Pearson’s stock continued its gains for the second session in a row as it added 3.00 percent after the firm said on Tuesday that "good progress" had been seen during the first six months of the year and raised the lower end of its full-year earnings outlook
Sainsbury’s share fell by more than 0.5 percent as the firm confirmed to media outlets on Tuesday that the retailer was looking to cut up to 2,000 jobs.
In the currency market, the sterling rose against the U.S dollar to trade at 1.3199 at 18.00 GMT.
Moreover, German’s equities rose on Wednesday where its leading benchmark DAX30 gained 0.37 percent or 47.97 points to settle up at 13,043.03 supported by the gains in all sectors except the sectors of Utilities and Industrials.
Germany’s constitutional court threw out a cease-and-desist request that could have halted the European Central Bank’s giant bond-buying program, offering some comfort to the bank’s policymakers as they prepare to extend the purchases to 2018.
Moreover, French’s stocks were higher today where its primary index CAC40 added 0.42 percent or 22.44 points to close the session up at 5,383.81 supported by the gain in Financials, Healthcare and Consumer Non-Cyclicals sector.
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