• European stock markets mid session: stocks traded higher as investors focussed on corporate earnings

Market news

28 October 2014

European stock markets mid session: stocks traded higher as investors focussed on corporate earnings

Stock indices traded higher as investors focussed on corporate earnings.

Investors are awaiting the Fed' interest rate decision on Wednesday. They expect that the Fed will end its bond-buying program. Investors are awaiting new signs for further monetary policy in the U.S. The slowdown of the global growth and recent weaker-than-expected U.S. economic data could lead that the Fed will keep its low interest rate for a longer period.

Sanofi shares dropped 8.3% after the company reported that sales of its diabetes products may not grow next year due to price competition.

Standard Chartered Plc shares fell 8.2% after reporting a 16% decline in third-quarter profit before taxes.

UBS AG shares rose 3.6% despite the weaker-than-estimated third-quarter profit.

Current figures:

Name Price Change Change %

FTSE 100 6,398.96 +35.50 +0.56%

DAX 9,039.04 +136.43 +1.53%

CAC 40 4,117.83 +21.09 +0.51%

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