European Equities Climb On Eve Of ECB

(@rukhshanmir)

European equities climb on eve of ECB

NEW YORK, (APP - UrduPoint / Pakistan Point News -8th Sept,2016) - Europe's stock markets rose Wednesday on the eve of a European Central Bank policy announcement, while the tech-rich Nasdaq scored a new record following an Apple iPhone launch.

Analysts expect the ECB to hold key interest rates steady, at least until the economic fallout from Britain's vote in June to leave the EU becomes clearer. In the eurozone, Frankfurt's DAX 30 and the Paris CAC 40 both ended the day 0.6 percent higher.

London's benchmark FTSE 100 index added 0.

3 percent as dealers digested a raft of economic data, some pointing to more resilience in the economy than many had predicted pre-Brexit. The broad-based S&P 500 in the US was essentially flat, but the Nasdaq edged up 0.2 percent, thanks in part to a 0.6 percent gain in Apple after it revealed upgraded versions of its iPhone and a new waterproof smartwatch.

The gains in the Nasdaq enabled the tech-rich index to score its second straight record.