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European Stocks Rise as Earnings Roll In


LONDON ( The Deal) -- European markets were in positive territory Wednesday morning, but with quarterly earnings coming in thick and fast and all eyes on the Federal Reserve's policy decision later, traders were said to be cautious.

In London, the FTSE 100 was up 0.4% at 6,390.66, while in Paris the CAC4 0 rose 0.33% to 4,862.97. In Frankfurt, the DAX climbed 0.30% to 10,353.00

One market that did less well was Norway. The Oslo All Share index was down 0.6% at 654.21 weighed down not only by worse than expected results -- and bigger spending cuts -- at the state-controlled oil company Statoil (STO - Get Report) , which dropped 2.17% to Nkr135 a share, but also by a big loss announced by the country's $860 billion sovereign wealth fund. The world's largest SWF lost about $32 billion in the third quarter, hit by falls in the Chinese stock market and its holdings in beleaguered auto-maker Volkswagen (VLKAF) .

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