Moscow. October 23. Stock indexes in Western Europe rose on Thursday to its highest level in two months at the head of the European Central Bank (ECB) Mario Draghi on the revision of the program of quantitative easing (QE) in December, Bloomberg reported.
The composite index of the largest enterprises of the region Stoxx Europe 600 jumped 2%, a record rate since October 5, before 369,99 item.
The index of the largest companies in the Eurozone Euro Stoxx 50 added 2,47%. Britain’s FTSE 100 rose 0.44%, French CAC 40 – on 2,28%, and German DAX – on 2,48%.
The ECB on the results of the October meeting, which ended on Thursday left key interest rates unchanged in the Eurozone. The Central Bank Chairman Mario Draghi said that the Central Bank in December will review the current volume of quantitative easing (QE), expiration date and composition acquired in the framework of the programme assets.
“QE will continue until September 2016 or longer if necessary”, – he said.
“It is this market expected to hear, says Fund Manager MPPM EK Guillermo hernández Samper. – The market is fully aware of the meaning of his words and their implication in a few days, but my first reaction was positive. Statements Draghi may well become a new driver of growth in European stock market”.
Shares of French Telecom operator Orange SA Tuesday increased by 7.5% due to better forecasting annual profits.
The market value of the Swiss computer peripherals manufacturer Logitech International SA rose 9.6%. Profit and the company’s revenue for the third quarter were above market expectations.
Quotations of securities of the French Pernod Ricard SA, the second largest producer of alcoholic beverages in the world, grew by 5.2%. The company increased its revenue in the I Fincastle 9%, above expectations, and gave a positive Outlook for profit growth for the current fiscal year as a whole.
Capitalization of Danish biotech company Novozymes A/S jumped 11% on the back of strong reporting.
The world’s largest manufacturer of preparations for treatment of Roche Holding AG increased its capitalization by 3.3% due to positive quarterly reports and the revision of the forecast annual revenue increase.
Meanwhile, the paper Publicis Groupe fell by 7%, Kesko Oyj – 13%, DNB Bank – 4.3%, as their quarterly reports did not meet market expectations.
The stock price of the German operator of real estate Deutsche Wohnen AG increased by 5.2% in Frankfurt. The company has announced its withdrawal from plans to buy rival LEG Immobilien.
Paper Credit Suisse fell 1.5% after Swiss regulators have increased capital requirements for the first level of the Bank to 5%.
Meanwhile, the market value of German Bank Deutsche Bank rose 2.5 percent on rumors that he may by a third to reduce bonus payouts in its investment division.