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Europe: Shares advance


LONDON: European stock markets rose yesterday as traders reacted to a host of company earnings updates and looked ahead to the start of the United States Federal Reserve's latest policy meeting.

London's benchmark FTSE 100 index climbed 0.53 per cent to stand at 6,761.51 points in midday deals, as traders digested results from major players in the banking and energy sector.

Frankfurt's DAX 30 gained 0.23 per cent to 8,999.33 points and Paris' CAC 40 slipped 0.50 per cent to 4,273.06.

The Madrid market gained 0.97 per cent and Milan rallied 1.65 per cent.

Indices rose "as a dividend hike from BP and rallying bond markets in Spain overshadow a fresh flurry of fines that continues to handicap European banks", said CMC Markets senior trader Toby Morris. AFP

Read more: <b>Europe: </b>Shares advance http://www.btimes.com.my/articles/urop29/Article/#ixzz2jCi3pStn

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