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Investors monitor revenue, Brexit and Bank of England



The pan-European Stoxx 600 was up 0.11 percent with most sectors that acted positively. Telecom led the gain on the back of strong earnings. BT increased by 6 per cent after increasing the outlook, which pushed the whole sector higher.

On the other hand, oil and gas stocks were under pressure, also due to earnings. TGS-Nopec Geophysical fell 5 percent after presenting a third quarter operating profit lower than expected.

Crossing the European reference point, ASMI rose most, by 12 percent, following strong results in the third quarter. Shares in Swedish hexagon also jumped 8 percent after the company beat forecasts with the latest results. Credit Suisse fell 4 percent after losing forecasts, despite a 74 percent increase in net profit from a year ago.

Market focus is largely tuned to Brexit development after Times reported Britain's prime minister Theresa May had agreed with Brussels to grant British financial services firms still access to European markets after Brexit.

The news asked pounds sterling to move away from a 2 and a half month low reached earlier this week. The currency had been obscured on concerns for a proper exit from the EU next year.

Investors are also waiting to hear the Bank of England interest rate decision at noon. Central bank politicians are expected to keep prices stable.


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