European shares mixed up ahead of earnings, Fed , Dax up 0.16 %

European-Markets_TRIFIDRESEARCHEuropean stock markets were mixed to higher on Monday, supported by speculation that the Federal Reserve will decide to postpone the further expansion of its bond purchase program , as investors awaited the release of fresh earnings reports .

During European morning trade, the EURO STOXX 50 rose 0.05 %, France’s CAC 40 dropped 0.08% , while Germany’s DAX 30 added 0.16 % .

Global equities strengthened as investors looked ahead to the next meeting of the Fed’s monetary policy later in the week, amid expectations the central bank delayed plans to start reducing stimulus until well into next year .

Data on Friday showed that the index of U.S. consumer confidence has been revised down to a 10-month low in October because of concerns about the economic impact of the recent government shutdown 16 days.

Financial stocks rose the most, as French lenders BNP Paribas and Societe Generale gained 0.56 % and 0.21 % , while Germany’s Deutsche Bank added 0.26%.

However, among peripheral lenders , Spanish banks Santander and BBVA lost 0.06 % and 0.60 % respectively, while Intesa Sanpaolo rose 0.06 % and Unicredit fell 0.05 % in Italy.

Moreover, ThyssenKrupp AG fell 1.38 % after reports of German steelmaker may not be able to sell its plant in Brazil.

In London, commodity -heavy FTSE 100 rose 0.07 % , supported by gains in the mining sector.

Polymetal saw shares before Glencore Xstrata 0.40 % and gained 0.77% , while gold miner Randgold Resources jumped 1.89% .

Financial stocks were also much more expensive, such as HSBC Holdings rose 0.03% and Barclays rose 0.36 %, while Lloyds Banking climbed 0.73 % and the Royal Bank of Scotland rose 2.41%.

Meanwhile, TUI Travel Plc rose 0.42 % after the tour operator said he had to stop developing its Tuscan town, Castelfalfi . Reportedly TUI has invested about 160 million euros in the project and wrote about half of it.

In the U.S. , Equity markets pointed to a higher open . The Jones Dow Industrial Average futures pointed to a gain of 0.22 %, the S & P 500 saw an increase of 0.20 % , while the Nasdaq 100 futures indicated an increase of 0.24% .

Later in the day, the U.S. publishes official data on industrial production, as well as a report on pending home sales.

The Australian dollar rose against the euro, with EUR / AUD shedding 0.21 % to hit 1.4374.

Later in the day, the U.S. publishes official data on industrial production, as well as a report on pending home sales.


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