European stocks edged higher early Thursday, with investors finding some comfort in the U.S. Federal Reserve’s easy-money stance amid better-than-expected corporate earnings. However, overall sentiment remains one of caution given the euro-zone’s ongoing sovereign debt crisis saga.
The two-way pull between still decent macro and corporate news flow and the apparently deepening black hole of debt dug by the peripheral euro-zone economies will continue a while longer, said Ian Williams, strategist at Altium Securities.
By 0735 GMT, the Stoxx Europe 600 index was 0.3% lower at 259.94. London’s FTSE 100 index was up 0.2% at 5598.99, Frankfurt’s DAX.
Source: online.wsj.com.
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