European equities were up today after the ECB decided to slow down its QE program.
The single currency fell against the greenback and safe-haven assets Japanese yen and Swiss Franck to trade at 1.1683, 1.1640 and 132.89 respectively at 17:00 GMT.
The European Primary Benchmark Stoxx 600 rose sharply today adding 1.07 percent or 4.14 points to close the trading session on positive notes at 391.27 supported by the gains in all sectors except Healthcare sector as it edged lower by 0.03 percent.
Looking at individual shares, Nokia was the worst performer under Stoxx 600 as its stock fell by more than 17 percent as the firm’s sales and profits came lower than expectations.
However, ABB gained more than 2 percent as it reported better than expected earnings saying its focus on robots for the food and beverage industry has paid off. Also, NESTE’s share jumped by 9 percent after its quarterly earnings beat analysts’ expectations.
In economic news, ECB decided on Thursday to slow down its assets purchasing program from $70.6 billion to $35.5 million in January, the president of ECB said on Thursday that the assets buying program would extend beyond September if necessary.
UK’s equities were higher on Thursday where its leading benchmark added 0.53 percent or 39.29 points to settle up at 7,486.50 with all sectors up except Healthcare sector.
Looking at individual stocks, The British bank Barclays reported a worse than expected profit before tax for the third quarter. The lender dropped more than 7 percent in trade.
In the currency market, the sterling fell against the U.S dollar at 1.3170, while it rose angst the euro as EURGBP fell at 0.8864 at 17:00 GMT.
Moreover, German’s shares rose on Thursday where DAX30 jumped by 1.39 percent or 179.87 points to close the session in the green territory at 13,133.28 also only the healthcare sector were down under DAX30.
Deutsche Bank posted a better-than-anticipated surge in net income. Net income stood at 649 million euros ($768 million) for the third quarter. However, shares fell almost 1 percent as the German lender remained less attractive than its international peers.
Deutsche Boerse CEO Carsten Kengeter informed the supervisory board that he would be stepping down at the end of 2017. Shares remained in the black.
French shares were also higher today where its main index CAC40 added 1.5 percent or 80.51 points to settle up at 5,455.45 as the gains in all sectors pushed the shares higher.
STMicroelectronics was the biggest gainer today as it stock rose by more than 11 percent after the firm raised its year-end outlook.
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