European shares edge higher as earnings counter lockdown worries | Malay Mail

📆 20-10-20 14:43:00
📰 malaymail

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LONDON, Oct 20 — European stocks inched higher today as strong earnings from Swiss bank UBS, consumer giant Reckitt Benckiser and others offset concerns from tighter coronavirus curbs across the continent and doubts over fresh US stimulus. The pan-European STOXX 600 rose 0.2 per cent, reversing...

The pan-European STOXX 600 rose 0.2 per cent, reversing from losses at the open. ― Reuters pic

“Thinking 6-12 months out, we’re assuming that local lockdowns will be successful and there should be better news about vaccine.” Reckitt Benckiser added 2.5 per cent after it lifted its full-year outlook as the coronavirus pandemic boosts demand for its cleaning products.

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