Unexpected strong earnings on Apple Stocks.
This article is originally referred from FXPrimus News.
European & Asian shares rose on Wednesday, helped by unexpected strong earnings updates especially from the technology sector where Apple exceeded weak expectations.
Most investors are now focused on eurozone GDP figures and the U.S. Fed meeting, expecting rate hikes, that also gave a boost of confidence in the markets which helped shares to rise.
Apple shares rose 8.1% after earnings came stronger than expected, surprising investors.
Also, other technology companies such as STMicroelectronics, Infineon, BE Semiconductor and ASML gained between 1.1 to 3.8 percent on the back of rising Apple shares which boosted confidence in the markets.
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Original Source: FXPrimus News