-Schaeuble warns against pressing Spain to go for bail-out -Bbg
-Sentiment could change quickly if Spain delays -Citi
-Euro zone finance ministers are meeting in Cyprus
-France and Italy said to be pressing Spain to ask for a rescue

FTSE-100: 1.55%
Dax-30: 1.46%
Cac-40: 2.09%
FTSE-Mibtel 30: 2.34%
Ibex 35: 2.0%
Stoxx 600: 1.28%

European equities are holding near their best levels of today's session, following last night's decision by the US Federal Reserve to move ahead with a third -and apparently unlimited, for all practical purposes- round of quantitative easing. That ahead of a barrage of economic data expected out Stateside this afternoon.

Acting as a backdrop, after the meeting of Eurozone finance ministers today, in Cyprus, the President of the ECOFIN -Jean Claude Juncker- has announced that Spain is willing to undertake new measures should it be at risk of not meeting targets for this year.

Also regarding Spain, in an interview with Bloomberg Germany's Finance Minister, Wolfgang Schaeuble, has warned against pressing Spain to take a rescue from Europe if it does not need one, stating that it could destabilize markets.

From a sector stand-point the best performance is now to be seen in the shares of the following industrial groups on the DJ Stoxx 600: basic resources (5.91%), automobiles (4.14%) and construction (3.61%).

Eurozone core inflation drops below consensus estimates



The Eurozone's consumer price index for the month of August rose by 0.4% month-on-month (2.6% year-on-year), as expected.

The core inflation rate, on the other hand, dropped to a 1.5% year-on-year clip (Consensus; 1.7%), from the previous month's reading of 1.7%.

Single currency over 1.30 mark

The euro/dollar is now trading 0.74% higher, towards 1.3084.

Front month Brent crude futures are moving up by 1.337 dollars, to the 117.45 dollar mark on the ICE.



AB

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