European Stock Futures rise as Fed keeps rate steady

29.04.2021 - Kulakov Vladimir
European Stock Futures rise as Fed keeps rate steady

European stock markets were upbeat on Thursday’s session as the Federal Reserve announced it is keeping its monetary policy unchanged. Helping the stocks to rally is the continuous first-quarter earnings season.

The CAC 40 futures contract in France was the biggest gainer with a 0.5% increase. The DAX futures contract in Germany added 0.1, and the FTSE 100 futures contract in the U.K. gained 0.2%.

The Federal Reserve kept its benchmark rate unmoved in the range of 0% to 0.25% on Wednesday and maintained its monthly pace of bond buying at $120 billion. The move was anticipated widely by analysts and investors.

In the corporate sector, Airbus, an aircraft manufacturer, recorded higher first-quarter core earnings on Thursday but kept its forecasts unchanged amid uncertainty while the Covid-19 pandemic lingers.

Standard Chartered, a bank in the U.K., posted a stronger-than-expected 18% improvement in quarterly pretax profit.

Lastly, Finnish telecom network equipment maker Nokia also reported stronger-than-expected first-quarter revenue and profit, lifted by a growth in sales of 5G equipment.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?