European shares edged higher on Friday as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund, with positive earnings updates from Ericsson, Daimler and other firms also supporting gains.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 16, 2020. REUTERS/StaffREUTERS: European shares edged higher on Friday as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund, with positive earnings updates from Ericsson, Daimler and other firms also supporting gains.
The pan-European STOXX 600 index rose 0.2per cent by 0714 GMT, with automakers jumping 1.8per cent after Daimler AG said it expects to post a smaller-than-expected operating loss in the second quarter.Sweden's main stock index jumped 0.9per cent, with truck maker Volvo AB and telecom equipment maker Ericsson reporting better-than-expected core profits, while Swedbank AB reported a smaller-than-expected fall in net profit.
Euro zone stocks were up 0.1per cent after rallying in the recent months on hopes that an EU-wide fund to support the pandemic-stuck economies could lift the bloc out of recession. Analysts believe markets could tolerate a few days' or weeks' delay with opposition from the Netherlands and the threat of a Hungarian veto weighing on chances of a deal.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Europe: Stocks end off session lows ahead of EU summit[BENGALURU] European shares ended off session lows on Thursday ahead of a keenly awaited meeting to organise a European recovery fund, after weak earnings and a growing number of Covid-19 cases had earlier pushed stocks down from one-month highs. Read more at The Business Times.
Weiterlesen »
Weak earnings drag European stocks lower ahead of ECB meetingEuropean shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while ...
Weiterlesen »
Europe: Stocks end off session lows ahead of EU summit[BENGALURU] European shares ended off session lows on Thursday ahead of a keenly awaited meeting to organise a European recovery fund, after weak earnings and a growing number of Covid-19 cases had earlier pushed stocks down from one-month highs. Read more at The Business Times.
Weiterlesen »
Stock futures fall as China data weighs ahead of bank earnings, economic dataU.S. stock index futures fell on Thursday after a surprise drop in China's retail sales signaled a bumpy economic recovery, with investors now ...
Weiterlesen »