Stock movements
“Indicator rose”Stokes 600European Union by 0.3 percent by 08:10 GMT.
The basic resources sector index rose 1.7 percent with the recovery in basic metal prices.
ArcelorMittal shares rose 2.5 percent after the world’s second-largest steelmaker reported a third-quarter core profit higher than market expectations.
The bank stock index rose Eurozone 1.1 percent, with shares of Banco BBM, the third largest bank in Italy, rising 6.6 percent on the back of plans to submit an offer to acquire the asset management company Anima Holding for up to 1.6 billion euros ($1.7 billion).
Anima shares jumped 8.6 percent.
The European benchmark index rose by about 1.9 percent in the last session, tracking Wall Street’s gains after Donald Trump’s victory in the US presidential elections, but it closed lower as investors evaluated the possibility of imposing US tariffs.
Later today, the Bank of England is likely to cut interest rates for only the second time since 2020, while it is also expected to announce… Federal Reserve Board Easing monetary policy during a meeting held after the close of European markets.
At the same time, the ruling coalition collapsed Germany After Chancellor Olaf Scholz fired the Finance Minister and paved the way for early elections, sparking political chaos in Europe’s largest economy. The German DAX index rose 0.7 percent.