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- European Stocks. First hour: European indices continue to rise after FED
European Stocks. First hour: European indices continue to rise after FED
European indices continued to climb for a third day after the FED statement to start rising interest rates next year but not in the first quarter and the positive outlook on the U.S. economy. Greek's Prime Minister Antonis Samars failed to gather enough votes for his nominee in parliamentary vote for president moving the country closer to elections, endangering the austerity policy. The Swiss National Bank announced that it will impose negative interest rates of 0.25% as of January 22nd on commercial bank deposits and will keep its minimum exchange rate against the euro at CHF1.20.
German IFO-Business Climate for December was slightly below expectations with a reading of 105.5 compared to104.7 in November. IFO Current Assessment showed a reading of 110.0. Analysts expected 110.3. IFO Expectations rose to 101.1 with a previous reading of 100.9 and foreast of 100.9.
The FTSE 100 index is currently trading +0.54% quoted at 6,370.98 points, Germany's DAX 30 added +1.59% trading at 9,696.65. France's CAC 40 rose by +1.49%, currently trading at 4,173.06 points.
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