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Market Update

European Markets Bounce Back

European markets bounced back up Thursday after comments from U.S. Fed Vice Chairman Janet Yellen eased worries the Fed would begin winding down its stimulus measures this year.

The FTSE was up 1%. The CAC 40 Paris gained 1.2% while the German DAX was up 0.7%.

Investors awaited economic growth figures for the euro-zone while earlier Thursday, data showed economic growth slowed in both France and Germany in the third quarter.

Stocks on the Move

Tech stocks are in focus after Cisco reported results yesterday, and warned revenue would fall as much as 10% this quarter.

However, Chip-maker ARM Holdings was up 1.5% in London while in Paris, Cap Gemini SA and Atos SE were up half a percent and 1.2% each, respectively.

Gucci owner Kering SA edged 0.2% lower after a profit warning.