European stock markets headed for a sixth straight day of gains on Wednesday, boosted by solid Chinese export data and well-received corporate results.
The Stoxx Europe 600 index rose 0.3% to 330.45. The benchmark rallied 1.3% on Tuesday after U.S. Federal Reserve Chairwoman Janet Yellen said the central bank will stick to its low-interest rate strategy for now.
Data released showed year-over-year Eurozone Industrial Production grew 0.5% in December, down from the 2.8% increase registered the previous month. This result is below consensus of +1.8%. On a monthly basis Industrial Production fell 0.7% in December, following a 1.6% increase in November and below forecasts of falling 0.3%.
The U.K.’s FTSE 100 index traded 0.1% higher.
BOE released its Quarterly Inflation Report and Carney said the recovery has gained momentum. He said forward guidance is working as expected & interest rates remain low even as recovery recovers strongly.
Among notable movers in Europe, shares of Société Générale SA gained 4.4% after the French bank said it swung to a profit in the fourth quarter.
Shares of Heineken NV rose 3.8% after the Dutch brewer said it sees improved performance in 2014 as the global economy recovers.
Shares of ING Groep NV climbed 4.7% after the Dutch financial firm said underlying pretax profit at its banking business more than tripled in the fourth quarter.
Norsk Hydro ASA (NHY) advanced 1.6% after reporting fourth-quarter sales of 16.6 billion kroner ($2.7 billion). That beat the average analyst estimate of 15 billion kroner.
Telenor ASA (TEL) dropped 4.3% as the telecommunications operator posted earnings before interest, taxes, depreciation and amortization of 8.83 billion kroner in the fourth quarter. That missed the 9.16 billion-kroner average of analysts.
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