Narrow range for the European key indices in the Wednesday morning European trading session as investors are disappointed by the indecision of Europeans to handle the crisis. However, the encouraging corporate results of Apple and IBM improve the climate. “The support from the positive close on Wall Street and the results of Apple and IBM followed which exceeded expectations – the Bulls might have the upper hand in the belief that technology vendors can be considered as a good barometer for the overall economy”, said to Dow Jones Newswires Mr. Ben Potter of IG Markets.
At the same time, investors weigh the outcome of the meeting of Ecofin. “While no final decision was taken at the meeting of European finance ministers, the traders keep expectations that some form of further support on the rescue mechanism will be applied in the future”, added Mr. Jonathan Sudaria of Capital Spreads.
On the dashboard, the Stoxx Europe 600 is enhanced by 0.16% to 286.70 points. The Stoxx 50 records profits of 0.24%, while the estimator of the state of the stock markets of member countries of the Eurozone the Euro Stoxx 50 rises by 0.17%.
In London the FTSE 100 records marginal gains 0.02%. The German DAX is reinforced at a rate of 0.15% while in Paris the CAC-40 moves upwards by 0.17%.
Profit of 0.23% noted the IBEX index in Spain, at a rate of 0.43% is supported the Italian MIB, while the Swiss SMI moves up by 0.02% and in Portugal the PSI records marginal profits of 0.01%.
Positive signs have the indices in Russia as the RTS is currently at 0.49% and the Micex at 0.52%. In Turkey the ISE index is recording profits of 0.29%.
