• European stock markets mid session: stocks traded higher on the boosted stimulus measures by the Bank of Japan

Market news

31 October 2014

European stock markets mid session: stocks traded higher on the boosted stimulus measures by the Bank of Japan

Stock indices traded higher on the boosted stimulus measures by the Bank of Japan. The Bank (BoJ) decided to increase its monetary base target to an annual increase of ¥80 trillion, up from ¥60-70 trillion, and to boost exchange-traded fund purchases to ¥3 trillion. This decision was not expected by analysts.

Eurozone's consumer price index climbed at an annual rate of 0.4% in October, in line with expectations, up from a 0.3% rise in September.

Eurozone's unemployment rate remained unchanged at 11.5% in September, in line with expectations.

German adjusted retail sales fell 3.2% in September, missing expectations for a 1.0% decline, after a 1.5% gain in August. August's figure was revised down from a 2.5% increase.

Consumer spending in France dropped 0.8% in September, missing forecasts of a 0.5% decrease, after a 0.9% decline in August. August's figure was revised down from a 0.7% rise.

Current figures:

Name Price Change Change %

FTSE 100 6,546.44 +82.89 +1.28%

DAX 9,296.71 +181.87 +2.00%

CAC 40 4,231.35 +90.11 +2.18%

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