Business World

Monday 9 December 2019

European shares rise early after Janet Yellen comments and China trade figures

Janet Yellen, chair of the U.S. Federal Reserve
Janet Yellen, chair of the U.S. Federal Reserve

Blaise Robinson

European shares rose in early trade on Thursday following dovish comments from U.S. Federal Reserve Chair Janet Yellen and better-than-expected Chinese trade figures.

Shares in Adecco SA, the world's largest staffing company and a barometer of Europe's economic health, rose 2.9 percent after saying higher demand for its services in Germany and the UK helped revenues increase in the first three months of the year.

At 0704 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,348.46 points.

Investors also awaited the European Central Bank (ECB) interest rate decision and news conference, due later in the day. The ECB is expected to take heart from signs of life in the euro zone economy and keep interest rates unchanged, resisting pressure to act in the face of a stronger euro currency and persistently low inflation.


Also in Business