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European Equities Rebound Ahead of Bank of England, OPEC Meetings

By Investors Hub

European stocks have rebounded from the three-week lows hit on Tuesday as investors took trade tensions in stride and looked ahead to Bank of England and OPEC meetings for direction.

While the Bank of England is unlikely to alter the status quo on rates on Thursday, the ministers of OPEC and non-OPEC countries may put forward proposals to increase production when they meet in Vienna on Friday.

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The U.K.?s FTSE 100 Index has surged up by 1 percent, while the German DAX Index and the French CAC 40 Index are both up by 0.4 percent.

Colruyt shares have soared after the supermarket group reported annual profit that topped forecasts. Denmark’s Maersk has also rallied after appointing a new CFO.

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BT Group shares have jumped in London after Jefferies upgraded its rating on the company?s stock to Buy from Hold.

Property group British Land Co. has also moved to the upside after the company reported robust lettings growth.

On the other hand, Berkeley Group Holdings has slumped. The homebuilder raised its guidance but warned that profit growth would return to ‘normal levels’ next year.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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