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Europe: Inditex helps European stocks bounce back

Wednesday, March 18, 2015 - 16:23
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European stocks rose in early trade on Wednesday, bouncing after the previous session's pull-back, led by a rally in Inditex shares after the Spanish fashion giant reported a rise in 2014 profit.

[PARIS] European stocks rose in early trade on Wednesday, bouncing after the previous session's pull-back, led by a rally in Inditex shares after the Spanish fashion giant reported a rise in 2014 profit.

Investors also awaited the US Federal Reserve's policy statement, due after the European session, for clues about when US interest rates will rise.

At 0804 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 per cent at 1,586.95 points, after losing 0.7 per cent on Tuesday.

REUTERS