European Equities Rise As Investors Shrug Off Risk Factors

Europe's stock markets rebounded slightly Thursday but gains were capped by a "cocktail" of negative factors, dealers said.

London, (UrduPoint / Pakistan Point News - 18th Oct, 2018 ) :Europe's stock markets rebounded slightly Thursday but gains were capped by a "cocktail" of negative factors, dealers said.

London rose 0.2 percent in late morning trade as investors tracked the latest Brexit developments, while Paris also won 0.2 percent and Frankfurt added 0.4 percent around midday.

The slender gains came after global markets were haunted Wednesday by stubborn worries over global trade wars, high oil price levels, Brexit uncertainty and Italy's ongoing fiscal troubles.

Wall Street sank overnight as minutes from the Federal Reserve's meeting last month confirmed that most policymakers expected more gradual interest rate hikes.

"Despite sipping on a Brexit/trade war/Italian budget/US interest rates cocktail, the European markets managed a positive start to Thursday's trading," noted Spreadex analyst Connor Campbell.

On the downside, Asian markets resumed falls Thursday as investors contemplated more interest rate hikes by the Federal Reserve, while Washington added to China-US frictions.

"Despite a disappointing session in Asia, European markets have seen further buying pressure ... as the recovery from the lows continues," said IG analyst Chris Beauchamp.