- After Europe's close the Fed will publish its decision on interest rates
European stocks rally on Wednesday as the earnings season continues. Ibex has managed to recover the 9,400 points in the opening and is quoted with increases of 1% driven mainly by the big banks: BBVA and Santander.
- 9,100€
- 0,00%
- 11.641,300
- 0,26%
The day comes loaded with business results. The first was BBVA, which posted a profit 31.5% higher than that of 2015, to reach 3,475 million euros. The company rises strongly on Wednesday and reaches 6.4 euros per stock after rising 2%.
Prosegur has published its closing results for 2016, in which the company's profit has fallen by 27% to 134 million euros.
On Tuesday, Apple's results showed an increase in earnings per share to $3.36. The company again broke records in sales of its flagship product, the iPhone, after reaching 78.29 million units sold.
In the Forex market, the euro has continued rising against the US dollar, and is approaching the level of $1.08 per euro. It is trading at the highest level since early December, although the currency pair's background trend remains bearish for the euro.