European stocks swung between gains and losses on one of the busiest days for earnings of the year, after a series of positive corporate results spurred equities across Asia. The dollar steadied after slumping in the wake of the Federal Reserve’s latest decision.
The Stoxx Europe 600 Index fluctuated before edging lower amid the wave of company reports, with the likes of Nokia Oyj and BASF SE beating estimates but Deutsche Bank AG and Airbus SE disappointing. Solid earnings from giants Samsung Electronics Co. and Nintendo Co. helped the MSCI Asia Pacific Index to the highest since December 2007. The Bloomberg Dollar Spot Index pared an earlier drop, but still traded near the lowest in more than a year after the Fed held rates steady and altered its wording around inflation.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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