European stocks pared their gains as the European Central Bank kept interest rates on hold. U.S. index futures were little changed, while Asian shares fell.
Aggreko Plc jumped the most in four years after the world’s largest provider of mobile power supplies reported increased profit and raised its dividend. Carrefour SA rose to a 19-month high after France’s biggest retailer posted a smaller-than- estimated decline in earnings. Aviva Plc plunged the most since 2009 after the U.K. insurer cut its dividend.
he Stoxx Europe 600 Index (SXXP) added less than 0.1 percent to 293.46 at 12:53 p.m. in London, having earlier climbed as much as 0.3 percent. The benchmark gauge rose to the highest level since June 2008 this week, boosted by optimism central banks around the world will continue stimulus measures. The measure has advanced 5 percent this year.
Standard & Poor’s 500 Index futures increased less than 0.1 percent after the Dow Jones Industrial Average closed at a record yesterday. The MSCI Asia Pacific Index lost 0.3 percent.
The U.S. economy, the world’s biggest, grew at a modest to moderate pace across most of the country amid rising consumer demand for homes and autos, the Fed said late yesterday in its Beige Book business survey.
“New highs in U.S. make everyone feel better,” Andy Lynch, a portfolio manager at Schroder Investment Management Ltd. in London, who helps manage about $1.6 billion, wrote in e- mailed comments. “Earnings haven’t been disastrous, so there’s no reason to sell.”
ECB Rates
The ECB kept its benchmark interest rate unchanged at a record low of 0.75 percent today, as predicted by most economists surveyed by Bloomberg.
The Bank of England left its four-year-old bond-purchase program unchanged today. The Monetary Policy Committee maintained its target for quantitative easing at 375 billion pounds ($562 billion). The decision was forecast by 29 of 39 economists in a Bloomberg survey, with the remainder having predicted an expansion of at least 25 billion pounds.
A Labor Department report at 8:30 a.m. in Washington may show 355,000 Americans filed applications for unemployment insurance last week, compared with 344,000 the prior period, according to the Bloomberg survey of economists. A release tomorrow may show U.S. employers added 163,000 jobs in February, while the unemployment rate held at 7.9 percent, according to separate surveys.
The volume of shares changing hands in Stoxx 600 companies was 2.6 percent less than the 30-day average, according to data compiled by Bloomberg.
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Aggreko Plc jumped the most in four years after the world’s largest provider of mobile power supplies reported increased profit and raised its dividend. Carrefour SA rose to a 19-month high after France’s biggest retailer posted a smaller-than- estimated decline in earnings. Aviva Plc plunged the most since 2009 after the U.K. insurer cut its dividend.
he Stoxx Europe 600 Index (SXXP) added less than 0.1 percent to 293.46 at 12:53 p.m. in London, having earlier climbed as much as 0.3 percent. The benchmark gauge rose to the highest level since June 2008 this week, boosted by optimism central banks around the world will continue stimulus measures. The measure has advanced 5 percent this year.
Standard & Poor’s 500 Index futures increased less than 0.1 percent after the Dow Jones Industrial Average closed at a record yesterday. The MSCI Asia Pacific Index lost 0.3 percent.
The U.S. economy, the world’s biggest, grew at a modest to moderate pace across most of the country amid rising consumer demand for homes and autos, the Fed said late yesterday in its Beige Book business survey.
“New highs in U.S. make everyone feel better,” Andy Lynch, a portfolio manager at Schroder Investment Management Ltd. in London, who helps manage about $1.6 billion, wrote in e- mailed comments. “Earnings haven’t been disastrous, so there’s no reason to sell.”
ECB Rates
The ECB kept its benchmark interest rate unchanged at a record low of 0.75 percent today, as predicted by most economists surveyed by Bloomberg.
The Bank of England left its four-year-old bond-purchase program unchanged today. The Monetary Policy Committee maintained its target for quantitative easing at 375 billion pounds ($562 billion). The decision was forecast by 29 of 39 economists in a Bloomberg survey, with the remainder having predicted an expansion of at least 25 billion pounds.
A Labor Department report at 8:30 a.m. in Washington may show 355,000 Americans filed applications for unemployment insurance last week, compared with 344,000 the prior period, according to the Bloomberg survey of economists. A release tomorrow may show U.S. employers added 163,000 jobs in February, while the unemployment rate held at 7.9 percent, according to separate surveys.
The volume of shares changing hands in Stoxx 600 companies was 2.6 percent less than the 30-day average, according to data compiled by Bloomberg.
For more Information Plz log on to www.rpshares.com
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