This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: Europe, Asia Stocks Rise as Fed Doesn't Taper

Stocks in this article: ATVI ING

LONDON ( The Deal) -- The Federal Reserve's surprise retreat Wednesday from the brink of monetary tightening unleashed a wave of euphoria across stock markets in Asia and Europe Thursday.

The Fed unexpectedly decided to avoid a so-called taper on its monthly bond repurchases, maintaining the level at $85 billion, amid signs the U.S. economy still requires central bank support.

European stock indices rose to five-year highs. The DAX climbed 101.30, or 1.17%, to 8,737.36, while the FTSE 100 rose 90.34, or 1.38%, to 6,649.16, with large gainers including resources companies and banks.

A Delaware court ruling will delay a plan by French media and telecom company Vivendi to sell over $8 billion of shares in its Activision Blizzard (ATVI) gaming affiliate. The court ruled a share $2.34 billion purchase from Vivendi by a group led by Activision co-Chairman Brian Kelly and CEO Bobby Kotick must be cleared by shareholders other than Vivendi. The Vivendi plan also includes selling back to Activision another $5.83 billion of stock.

Vivendi shares in Paris slipped €0.05 (6.8 cents) to €17.405 as investors bet that the deal will eventually go through after a delay.

In the Netherlands, ING Groep (ING) offered more information about its long-awaited, European Commission-mandated splitoff of European insurance unit from its banking activities. It said it may conduct this through a partial spinoff in 2014, rather than via a straight IP0. Its shares edged up €0.038, or 0.42%, to €9.023.

In Asia, the Nikkei closed up 260.82, or 1.80%, at 14,766.18 and the Hang Seng gained 385.06, or 1.67%, to close at 23,502.51.

Standard & Poor's futures edged up 0.31% at 1,723.10.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs