European Markets at Close Report December 18, 2013.

    

European stocks highest in a week; Vestas rallies

By Sara Sjolin, MarketWatch 

LONDON (MarketWatch) — European stock markets rebounded on Wednesday, partly lifted by stronger-than-expected German sentiment data and U.S. housing figures, while investors more broadly waited to see if the U.S. Federal Reserve will put off tapering until next year.

The Stoxx Europe 600 index XX:SXXP +0.86%  climbed 0.9% to close at 313.99, recovering from a 0.7% loss on Tuesday and ending at the highest level in a week.

Shares of Vestas Wind Systems SADK:VWS +5.30%   VWDRY +4.47%  rallied 5.3% after the wind-turbine maker said itwon a 350 MW order in the U.S. with potential for up to 636 MW more.

Shares of Technip SA FR:TEC -6.27%  slid 6.3% after the oil-field-services firm late Tuesday laid out its guidance for 2014and said it may see a slow start in the first quarter at its subsea division.

Marks & Spencer Group PLCUK:MKS -2.39%  dropped 2.4% after UBS cut the retail and supermarket chain to neutral from buy.

to read full report click: www.marketwatch.com/story/european-stocks-strong-with-fed-call-on-tap-2013-12


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European shares close higher before Fed decision

  
       

Published: Wednesday, 18 Dec 2013 | 12:00 PM ET

	Name	Price		Change	%Change	Volume
FTSE	FTSE 100 Index	6492.08		5.89	0.09%	529477837
DAX	DAX Index	9181.75		96.63	1.06%	82342667
CAC 40	CAC 40 Index	4109.51		40.87	1.00%	88914164
IBEX 35	IBEX 35 Idx	9443.60		100.20	1.07%	190494445

Fed decision watched

The FTSEurofirst 300 Index provisionally closed 0.9 percent higher, with all major European indexes and sectors posting gains. The U.S. central bank's monetary policy committee will conclude a two-day meeting on Wednesday amid talk that stronger economic data in recent weeks, including employment and consumer confidence, argue in favor of a reduction of its monthly bond purchases.

In the U.S., stocks mostly rose on Wednesday as Wall Street also waited to learn what the Federal Reserve would announce at 2 p.m. ET. Fed Chairman Ben Bernanke will speak at a news conference at 2:30 p.m.

Economic reports on Wednesday had housing starts jumping to a near six-year high in November, the latest show of strength in the housing market that could give the Fed another reason to begin cutting its $85 billion in monthly bond purchases.

Andrew Wilkinson, chief economic strategist at Miller Tabak, told CNBC via email that: "The FOMC will reduce its bond purchases by a paltry $5 billion starting at the December meeting." His view ran counter to the majority view that the central bank would wait for the first quarter of 2014 to make a move.

To read full report click: www.cnbc.com/id/101281120

CNBC Morning Squak December 16, 2013.

In the news today Will they or won’t they? That’s the $85 billion a month tapering question for the Fed as it gets ready to meet tomorrow and Wednesday. Either way, it could be a volatile week. (CNBC)

As stocks close out a banner year, many investors are not expecting a repeat performance in 2014. A new AP-GfK poll finds that 40 percent think the market won’t go much higher from here. (AP)

It looks like the bipartisan budget agreement may not be a done deal in the Senate yet. Supporters are still rallying enough votes. (WSJ)

U.S. financial exchanges are said to be near a deal to upgrade the trading infrastructure blamed for a serious market outage in August. (WSJ)

Google hopes its latest addition to its secretive robot project can give Amazon's drones a run for their money. (FT)

Today marks the busiest global pickup day for UPS, which will turn around and deliver nearly 29 million of those packages tomorrow. (USA Today)

Revelations that Ikea spied on its employees sparks outrage in France. The New York Times report that there's no accusations of surveillance in any of the other 42 countries where Ikea operates. (New York Times) By the numbers It’s a busy Monday for economic reports, starting with the Empire State Survey for December at 8:30 a.m. ET. At the same time, the government is set to release Productivity and Costs figures for November. At 9:15 a.m. ET, it’s the November read on Industrial Production. The Federal Reserve is scheduled to celebrate its 100th anniversary today. Fed Chairman Ben Bernanke will give brief remarks, followed by former chairmen Alan Greenspan and Paul Volcker. Stocks to watch American International Group is said to be in advanced talks to sell its jet-leasing business to AerCap Holdings for $3 billion in cash and a minority stake, the Wall Street Journal reports. AIG CEO Robert Benmosche will be a special guest on “Squawk Box” at 8 a.m. ET. Charter Communications is preparing to send an offer letter to acquire Time Warner Cable, according to Reuters. The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock. In the heart of the holiday shopping season, workers at Amazon’s operations in Germany were set to go on strike on today. The dispute, which is over wages, has been going on for months. Squawk newsmakers We're going to be handicapping whether Fed policymakers will decide to start tapering. Former Fed Governor Frederic Mishkin will join us at 7 a.m. ET. Then, we’ll take the pulse of the holiday shopping season with JPMorgan analyst Matthew Boss at 7:40 a.m. ET. Watercooler Bankrupt Detroit is expected to find out how much its taxpayer-purchased art collection is worth this week. (AP) The explosion of the demand for gluten-free offerings is making life tough for restaurant owners (WSJ)

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Nuclear Accord With Iran Opens Diplomatic Doors in the Mideast: NYT | Asia Morning Today's Headlines November 25, 2013.

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Around the World, Inflation Is Hitting Lows Not Seen for Years: NYT | ALERT FGC BOLSA - FGC FINANCIAL MARKETS November 15, 2013

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FGC BOLSA- FGC FIN

Compiled: November 15, 2013 10:36:17 AM

Off the Charts Around the World, Inflation Is Hitting Lows Not Seen for Years By FLOYD NORRIS In the United States, the core inflation rate, which excludes volatile food and energy prices, is at 1.2 percent over the last 12 months — one of the reasons the Fed may continue to buy bonds.