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European Stock Markets Rise Before ECB Meeting

TheStreet.com Videos 3:03 mins

European stock indices rise on monetary-policy optimism ahead of the euro-zone central bank¿s interest rate decision and a later press conference to elaborate on its thinking. Recently arrived Alcatel-Lucent CEO Combes strikes his second disposal and delivers the company¿s first quarterly profit in almost two years. And in Tokyo Sony arranges to offload its PC division to a local investor. The media and electronics giant warns of a full-year loss of about $1.1 billion and announces plans to slash about 5,000 jobs, including 3,500 overseas positions. Laura Board reports from London.

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