European Stocks. First hour: European indices with a strong start

Market news

5 November 2014

European Stocks. First hour: European indices with a strong start

European stock indices rose significantly at the start. UK's FTSE 100 index was up 0.60% to 6492.53 points. Germany's DAX 30 climbed 1.06% to 9,263.59 points, while France's CAC 40 gained 0.85% to 4,165.44.

European indices rose today and compensated previous trading day's losses mostly due to solid earnings reports and the result of the U.S. mid-term elections.

About halfway into Europe's earnings season, 64 percent of companies have managed to meet or beat profit forecasts, and 59 percent met or beat revenue forecasts, according to Thomson Reuters StarMine data.

United Kingdom: Purchasing Manager Index Services, October 56.2 (forecast 58.7)

European Stocks. First hour: European indices rally after better-than expected German data

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