European stocks mixed, poised for best monthly gain in 6 years

October 30, 2015

The stock markets across Europe trade mixed ahead of the monthly closing, but appear on track for its best monthly gain since 2009. At the time of writing, the pan-European Euro Stoxx 600 index advanced 0.20% to trade around 376.46 levels. The blue chip Euro Stoxx 50 index traded largely unchanged. Among regional indices, Germany’s DAX was up 0.14%, while London’s FTSE was down 0.24%. France’s CAC was up 0.17%. 

Shares in French lender BNP Paribas rose 3% after reporting earnings that topped estimates. Renault gained 5% after reporting revenue higher than estimates. The minus side includes Denmark’s GNT Store Nord; down 9.6%. The Greek lender Alpha Bank was down 4%. 

The Stoxx 600 is up more than 8% in October, largely due to expectations that the ECB would come out with more stimulus. The central bank President Draghi did hint at a possibility of more easing – QE, rate cut – in December. 

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