Significant Stocks Rose &Nbsp, While The European Stock Index Closed Up 0.34% On Wednesday.

Beijing time on the morning of October 21st, European stock The market first fell and then rose on Wednesday. The main constituent stocks, Peugeot Citroen and BASF, respectively, raised their respective earnings forecasts. Component stocks The stock price rose to drive the European stock index finally. High up 0.34%.

Pan European Dow Jones index closed at 266.13 points on Wednesday, or 0.34%. The Bank of England released a summary of its October policy meeting on Wednesday, indicating that some policy makers believe that the need for further monetary easing is rising. The European stock index reversed its early decline and began a rebound journey.

The European stock market on Wednesday also benefited from the strong trend of US stocks. On the same day, the aviation giant Boeing announced its earnings report, which raised the company's profit forecast this year.

In terms of the main regional index, the French CAC 40 index rose 0.55% to close at 3828.15 points, the financial times 1000 index rose 0.44%, closed at 5728.93 points, and the German DAX 30 index rose 0.52% to 6524.55 points.

Philip Kim Sayers, head of global market research in Fortis, Paris, France, pointed out: "after the upward movement of the past month, people will start buying." "The biggest problem facing the market is when it will start to fall," he said. From September to October, the profit is still considerable. If the situation changes, we may get a new round of trend hints.

On Wednesday, French auto maker Citroen (UG) reported that its revenue grew by 10% in the third quarter, while the company also raised its annual profit forecast by 0.9%. German chemical giant BASF (BAS) also announced its third quarter earnings on Wednesday, showing a 23% surge in sales during the quarter. The company also raised its annual profit forecast, driving its share price up 2.5%.

On the other hand, SAABB, a Swedish defence and aviation group, downgraded its earnings forecasts, saying that the fourth quarter restructuring spending will seriously affect operating earnings performance. Saab shares fell 7%.

TomTom (TOM2), Holland's satellite navigation equipment manufacturer, rose by 2.8% as the market reversed its earlier fall. According to the company's earnings report, the net profit of the company dropped by more than 1/3 in the previous quarter due to the decline in profit margins and continued weakness in the US dollar. However, the company emphasizes that it still has the ability to achieve its annual profit forecast target.

Danish pharmaceutical company NVO shares rose 9%. Analysts pointed out that the new drugs used by their competitors to treat diabetes were further studied by the food and Drug Administration of the United States, which is a good sign for novo Nord.

Mining stocks rose on Wednesday. BLT announced the increase in iron ore production and its share price rose 2.5%. However, the company also acknowledged earlier that BHP Billiton's offer to Canada's Potash Corp (POT) could be dismissed by the government of Saskatchewan, Canada.

Meanwhile, Rio Tinto Group (RIO) announced plans to invest 3 billion 100 million US dollars to expand iron ore production in Australia and its share price rose 2.7%.

According to other companies, wind turbine gearbox supplier HSN Hansen announced that revenue will drop sharply this year as customers postpone orders. The company's share price fell more than 14%.