Market Updates
Europe Movers: Informa, John Wood, Roche, Rheinmetall
Bridgette Randall
14 Nov, 2022
Frankfurt
European markets advanced following the surge in the previous week and indexes gained after China proposed a wide ranging measures to rescue moribund real estate sector.
The DAX index gained 0.6% to 14,313.30, the CAC-40 index added 0.2% to 6,609.17 and the FTSE 100 index jumped 0.9% to 7,385.17.
European markets closed higher and Germany's DAX index closed at a five-month high, France's CAC-40 index at a 7-month high and the U.K.'s FTSE 100 index closed at a two-month high.
The dollar edged lower and the yield on U.S. Treasuries turned higher after comments from the U.S. Fed officials.
The British pound was in focus ahead of the UK Chancellor's Autumn Statement on Thursday indicating spending and tax provisions.
The euro rebounded to $1.03 and the British pound edged up to $1.178.
Brent crude edged down 3.5% to $92.57 a barrel and Dutch TTF natural gas jumped 16% to 113.60 euros MWh.
Informa Plc jumped 5% after the global event organizer lifted its annual outlook and said its events are now tracking 85% levels of full-year revenue in 2018, excluding China.
The company said it has repurchased over
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