(MENAFN– ecpulse)
European shares opened higgher in the European trade on Wedensday, after China`s economic growth slightly beat forecast and prospects for additional stimulus boosted risk appetite.
The earnings season has just kicked off this week, with many big issues like Credit suisse reporting first-quarter that missed analsyts forecast. however, a raft of corporate earnings will be anticipated cautiouly before the holiday this weekend, and Ukraine-russia tumoil willbe the suely be the key focus for the global stock markets, as the crisis-hit country takes action to dislodge pro-Russian separatists.
As of 04:36 a.m. ET, the Stoxx Europe 600 was up 0.80% at 329.17, with consumer goods sector leadign the rally by 0.96% gain.
Today, China`s Gross Domestic Product (GDP) rose 7.4% in the three months through March, down from 7.7% in the last quarter of 2013.
The GDP reading was weakest in six quarter, but fractionally above the 7.3% average growth analsyts had expected.
Back to Ukraine, where the ongoing tension is expected to weigh on European bourses on Wednesday.
Russian President Vladimir Putin warned of a civil war in the east of the coutnry, after the Ukrainian government announced thestart of an "anti-terrorist operation" against pro-Russian activists who took over government buildings in ten cities until now.
- Britain`s FTSE 100 was up 0.46% at 6,571.99
- France`s CAC 40 was up 1.01% at 4,389.68
- Germany`s DAX 30 was up 1.03% at 9,266.44
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