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Europe open: Shares march on ahead of rate calls; JDE Peet's surges
(Sharecast News) - European shares continued to rally on Wednesday as investors looked ahead to eurozone inflation data, rate decisions from the US and UK amid another dump of corporate earnings. The pan-regional Stoxx 600 index was up 0.88% at 515 in early deals. Investors were also taking stock of a rate rise from the Bank of Japan - only its second increase since 2007.
The US Federal Reserve is expected to keep rates on hold as it ends a two-day policy meeting, while the Bank of England meets a day later for its latest decision.
In equity news, shares in coffee and tea company JDE Peet's surged as the company raised its full-year sales growth forecast, after reporting half-year results above analysts' expectations.
HSBC interim results beat analyst expectations, while the Asia-focused bank also unveiled a $3bn buyback and said farewell to CEO Noel Quinn.
Just Eat shares rose as the food delivery company said it was buying back €150m in shares after a rise in interim core profits.
Reporting by Frank Prenesti for Sharecast.com
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