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https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEH4P0AR_L.jpgThe pan-European STOXX 600 index rose 0.3% by 0711 GMT, with Germany’s DAX up 0.4%, France’s CAC 40 rising 0.3% and UK’s FTSE 100 adding 0.2%.
British retailer Marks & Spencer (OTC:MAKSY) jumped 5.5% despite reporting an 88% slump in full-year profit.
French food company Danone slipped 1.6% after Berenberg downgraded the stock to “sell”, citing the hard-to-fix low-growth nature of most of its categories.
Global stock markets took comfort as U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, while European Central Bank board member Fabio Panetta said the bank should not reduce the pace of asset purchases from next month.