Stock indices in Western Europe rose moderately in low activity. Market participants are studying the prospects of interest rate increase by the Federal Reserve and the agreement of OPEC and other oil producers to restrict production.

Traders estimate a Fed hike at 68% in in December up from 50%. Meanwhile, in November the likelihood of tighter monetary policy is much lower - only 17%.

Istanbul continues 23rd World Energy Congress. The International Energy Agency (IEA) expects a more rapid restoration of the balance in the oil market as a result of the agreements on production cuts.

However, the IEA notes record volumes of oil production of OPEC countries - 33.64 million barrels per day. December contracts for Brent fell during trading 0,4% - to $ 52.94 per barrel.

In addition, the market's attention focused on corporate reporting. The US earnings season unofficially kicks off October 11 with the quarterly results of Alcoa Inc. The process will begin in Europe later, and 150 companies from Stoxx 600 will report.

The market value of the British manufacturer of heat-resistant plastics Victrex Plc jumped 6.7% due to positive financial results.

Airbus securities decreased by 2% after the loss of the Polish contract for the supply of helicopters. Analysts at JPMorgan Chase & Co. expect weak results of the company for the third quarter.

The banking sector is again trading in the red zone because of concerns related to the stability of European financial companies: UniCredit lost 1.7% of its capitalization, Deutsche Bank and Banca Popolare di Milano - 1,4%, Raiffeisen Bank - 1,3%.

At the moment:

FTSE 7105.84 8.34 0.12%

DAX 10632.39 8.31 0.08%

CAC 4505.62 8.36 0.19%