Markets in Europe closed in the blue yesterday after following Wall Street's rise on better results from Morgan Stanley.
Tammo Greetfeld, equity strategist at UniCredit Group, said: "The general theme continues to be that the significant improvement we have seen in economic indicators also shows up in Q3 earnings. All the fundamental factors in the equity market are still intact, and the upward strength will continue, though a breather is overdue."
Auto stocks were the worst hit after investors resorted to profit-taking after poor results from carmaker Peugeot.
The FTSE 100 Index rose 14.45, or 0.3 percent, to 5,257.85.
The German DAX was up 21 points at 5,833, the French CAC was 1 point better at 3,873.
Tammo Greetfeld, equity strategist at UniCredit Group, said: "The general theme continues to be that the significant improvement we have seen in economic indicators also shows up in Q3 earnings. All the fundamental factors in the equity market are still intact, and the upward strength will continue, though a breather is overdue."
Auto stocks were the worst hit after investors resorted to profit-taking after poor results from carmaker Peugeot.
The FTSE 100 Index rose 14.45, or 0.3 percent, to 5,257.85.
The German DAX was up 21 points at 5,833, the French CAC was 1 point better at 3,873.
