European Stocks Rise Despite Disappointing Corporate Earnings

London (Oct 21)  European stock indices moved higher on Wednesday, reversing initial losses triggered by some disappointing earnings bulletins.

By late morning, the FTSE 100 in London was up 0.44% at 10,192.79. The DAX in Frankfurt was up 0.40% at 10,188.12 and the CAC 40 gained 0.42% to 4,693.56 in Paris.

U.K. data showed a bigger-than-expected decline in public sector net borrowing in September, providing a boost to Chancellor of the Exchequer George Osborne's controversial war on spending.

Source: TheStreet