Europe trades higher amid earnings season

Thursday, 31. January 2019 09:16

European stocks rose in early trading on Thursday as investors digested the United States Federal Reserve's decision to hold interest rates, as well as an array of corporate earnings and economic data. Nokia, Shell and Unilever are among companies which released their results before the bell. On the data front, German retail sales and United Kingdom house prices figures were published before the session started, while Eurozone GDP and unemployment numbers are due later in the day.

The FTSE 100 added 0.67% at 9:15 am CET. Shell was the best performer as the oil giant's shares surged 3.70% at 9:16 am CET on better-than-expected results. The DAX climbed 0.97% at 9:16 am CET with Covestro, up 2.96% at 9:18 am CET, leading the gains. The CAC 40 was up 0.57% at 9:15 am CET as TechnipFMC recorded the largest gains, rising 2.33% at 9:15 am CET. The Euro Stoxx 50 increased 0.34% at 9:16 am CET with Deutsche Post adding 2.06% at 9:32 am CET.

The euro gained 0.20% against the dollar to sell for 1.1505 at 9:17 am CET.

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Breaking the News / NP