Never before have Nestle SA bulls paid as much as they are now for options, convinced the food company will buy back shares and boost dividends after it sold a portion of its stake in L’Oreal SA.
The FTSE 100 Index’s most exclusive club just got smaller.
European stocks declined, after posting a ninth weekly gain in ten, as investors watched developments in Iraq and as euro-area manufacturing weakened.
U.K. stocks rose for a third day as the Federal Reserve pledged to leave interest rates low for a considerable time and forecast the U.S. economy will continue to expand at a moderate pace.
European stocks rose for a fifth week as investors bet central banks would add to measures to stimulate economic growth, with the Stoxx Europe 600 Index paring some gains on concern that risks to a recovery remain.
"Clients are anxious for sure, given the growth slowdown chatter that seems to be growing."
- Manish Singh on Oct 10, 2014