This Day On The Street
Continue to site
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

The Deal: European, Asian Stocks Rise Ahead of Close of Fed Meeting

LONDON (The Deal) -- European and Asian stocks rose on Wednesday ahead of the close of a two-day Federal Reserve meeting which is expected to leave the central bank's $85 billion monthly bond buying program unchanged.
In London, the FTSE climbed 0.55% to 6,812.27, with investors in fund management companies seemingly unfazed by a British regulator's threat to restrict the fees they charge customers.
Barclays (BCS) was up more than 3% as reassuring news about its capital position offset the potential impact of a 20% decline in third-quarter pretax profit to 4.98 billion pounds ($8 billion). Restructuring costs and a 12% decrease in quarterly profit at its investment banking unit contributed to those lower group earnings. The London lender also said it was working with regulators investigating the possible rigging of foreign exchange rates across a number of banks. Confirmation of its involvement in the probe follows that of Deutsche Bank (DB) and UBS (UBS) on Tuesday.
Clothing retailer Next was up more than 6% after it raised its full-year sales and profit guidance after announcing third-quarter sales growth that was slightly above its previous estimate. It said, however, that trading was volatile throughout the third quarter.
In Germany, the Dax gained 0.32% to 9,051.11. The German unemployment rate in October held steady at 6.9% but, as measured by individuals, the ranks of jobless swelled by 2,000.
VW was up almost 4% as third-quarter profit beat estimates, thanks to cost cuts and despite falling sales.
In Paris, the Cac 40 was up 0.56% at 4,302.24.
In Tokyo, the Nikkei closed up 1.23% at 14,502.35, while in Hong Kong the Hang Seng jumped 2% to 23,304.02.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BCS $9.32 -1.38%
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs