European stocks Rally On Strong Results – EURO STOXX 50 Trading Higher
Feb, 15th 11:08
European stocks recovery rally continues gathered pace for a second day on Thursday after investors brushed off a spike in U.S. inflation, turning their focus back to strong company earnings from heavy hitters including Europe’s largest aerospace firm, Airbus.
The pan-European STOXX 50 was up 0.92 percent by 0974 GMT, hitting its highest level in a week. The main European stock index was still down 6.5 percent from its 2 1/2-year peaks hit as recently as Jan 23rd 2018.
Earnings took center stage once more, with strong results driving the top gainers Airbus, Ipsen, Aegon, and Schneider Electric.
Airbus shares jumped 8.8 percent after Europe’s largest aerospace firm beat profit and earnings expectations, though it booked a new 1.3 billion euro charge on its A400M military plane.
On the technical charts, EURO STOXX 50 has made higher highs and higher lows. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 40.93 and the MACD is below the signal line and is ready to make a positive crossover above the signal line.
Buy digital Call options between 3410 and 3430, valid until 23:00 GMT 15th February 2018