As of today, European stock indices are trading in the green zone. Stoxx Europe 600 has just broken its 4.5-year high. Meanwhile, investors are waiting for central banks to make major decisions concerning interest rates.
The Reserve Bank of Australian has already made its interest rate decision, thereby leaving the key interest rate unchanged at 3%. The central bankers say that the favorable background makes it possible to extend the current money-and-credit policy.
The European Central Bank, the Bank of Japan and the Bank of England are expected to make announce their interest rate decisions this week.
Positive quarterly income reports also support the current rally in the European stock market.
The current market situation looks as follows:
· Stoxx Europe 600: + 1,2 % up to 292,25.
· FTSE 100: + 0,76 % up to 6393,81.
· CAC 40: + 1,3 % up to 3758,01.
· DAX: + 1,34 % up to 7794,94.
· Dow Jones Euro Stoxx 50: + 1,42 % up to 2656,91.
