European equities closed higher on Wednesday, little changed after the(ECB) announced its monetary policy decision.
The pan-Europeanfinished in positive territory, with all major bourses and sectors posting modest gains. The was an outperformer, due to a rally in the price of the commodity over the last two sessions.
The Germanindex closed up around 0.1 percent, the French closed roughly up 0.7 percent and the U.K.’s ended 0.4 percent higher.
The ECB announced it was holding its main interest rate at a record low of 0.05 percent on Wednesday.
In his regular press conference, ECB chief Mario Draghi dismissed fears of a Greek default and a bubble in bond markets. He said he he was unready to even “contemplate” a default by Greece, as ECB policymakers approved increasing emergency funding for Greek banks, according to media reports.
EU files charges against Google
Frankfurt-listed shares ofclosed line with the DAX index after the European Commission against the tech giant. It said Google had exploited its dominant position in the Internet search market.
U.S. stocks traded higher on Wednesday as investors continued to digest financial earnings and economic reports.
Alcatel slumps on Nokia bid
In other stock news, shares offinished around 15 percent lower after confirmed it planned to ($16.6 billion). This reversed a similar-sized rally on Tuesday after “advanced” deal talks were announced.
Media reports suggested Alcatel shareholders were disappointed because they had hoped for a part-cash offer. S&P Capital IQ cut its rating on Alcatel to “hold” from “buy.”
Nokia shares rallied as much as 2 percent, before slipping to close around 1.5 percent lower.
Ireland’sslipped around 2.7 percent after the paper manufacturer announced it was acquiring the U.K.’s Inspirepac.
Shares ofshot up over 5 percent after the U.K. fashion retailer announced a jump in profits; shares rose up to 2.6 percent after a solid trading update on Wednesday.
shares rose over 2 percent after the French food manufacturer released sales figures for its first quarter that beat expectations.