European Stocks Rise Ahead of U.S. Fed Meeting as Zoopla Property Group Gains in London Trading Debut

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European Stocks Rise Ahead of U.S. Fed Meeting as Zoopla Property Group Gains in London Trading Debut

European Stocks Rise Ahead of U.S. Fed Meeting as Zoopla Property Group Gains in London Trading Debut
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European Stocks Rise Ahead of U.S. Fed Meeting as Zoopla Property Group Gains in London Trading Debut

by TheStreet.com Videos 1:49 mins

European Stocks Rise Ahead of U.S. Fed Meeting as Zoopla Property Group Gains in London Trading Debut

by TheStreet.com Videos 1:49 mins

European markets rose for a second day Wednesday as investors awaited the outcome of the U.S. Federal Reserve monetary-policy meeting and digested minutes released today from the June 4-5 Bank of England meeting. Shares in Zoopla Property Group plc rose as much as 7.3% in its debut on the London Stock Exchange. In Madrid, shares in Telefónica SA gained 1.21% to €12.58, after Spain’s largest phone company announced an offer to buy Mediaset SpA’s 22% stake in pay-TV company Distribuidora de Televisión Digital SA for €295 million, the second of two deals that will give it full control in DTS. In Sydney, shares in Aquila Resources Ltd. rose more than 7% after the iron ore group asked shareholders to accept a cash bid led by China’s Baosteel Group Corp. and reject a higher all-share offer from Mineral Resources Ltd. Shares in Mineral Resources declined more than 2%.

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