On Wednesday, the 11th of September 2019, a basket of European shares had rounded off the day in an upbeat mode, while the regional Pan-European STOXX 600 hit its six month peak, as investors’ optimism rekindled following an easing of Sino-US trade spat alongside prospects of fresh monetary stimulus ahead of an ECB (European Central Bank) policy meeting scheduled to be taken place as early as by Thursday (September 12th).
Aside from that, shares of London stock exchange uplifted to a record high after Hong Kong Exchanges and Clearing had made a $39 billion takeover bid for LSE, however, the financial terms of the deal would scrap its acquisition plan of data company Refinitiv, sources familiar with the deal revealed earlier on Wednesday (September 11th).
Meanwhile, adding that the investors were banking heavily on how dovish ECB could get on its Thursday’s (September 12th) policy meet, a market analyst at CMC markets, David Madden said, “Even if you’re not going to be short (on markets), you’re probably going to be cautiously long with the view of having more cash lined up, to buy into the market depending how dovish the ECB is”.
Citing statistics, on Wednesday’s (September 11th) market closure, London’s FTSE 100 surged 0.96 per cent to wrap up the day at 7,338.03 and Germany’s trade-sensitive DAX gained 0.74 per cent to 12,359.07, while French CAC 40 rose 0.44 per cent to 5,618.06.
Elsewhere in Europe, Italy’s FTSE MIB added 0.10 per cent to 21,891.57, while Madrid’s IBEX 35 index rounded off the day 0.21 per cent lower to 9,059.50.