European Stocks Rise as Central Banks Pledge Easy Monetary Policies

European stocks rose near their highest levels ever today, Wednesday, amid pledges by a number of policymakers in central banks to maintain a soft monetary policy despite recent indications of rising inflation.

The European Stoxx 600 index rose 0.3%, the German DAX index rose 0.4%, the French CAC 40 index advanced 0.3%, and the British FTSE 100 index rose 0.2%.

British retailer Marks & Spencer jumped 5.5%, despite the announcement of full-year profit falling 88%.

French foodstuff company Danone slipped 1.6%after Bernberg downgraded the stock to recommend selling, citing the weak growth rate for most business classes to the point where it is difficult to repair.

Global stocks were supported by US Federal Reserve officials confirming an easy monetary policy, while European Central Bank board member Fabio Panetta said the bank should reduce the pace of asset purchases from next month.