European stocks jump higher as investors upbeat over post-Brexit deal

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European stocks jump higher as investors upbeat over post-Brexit deal via IrishTimesBiz

, which said it could list its shares in New York by the end of the year depending on the outcome of talks with investors, rose by 3.7 per cent to €152.90.increased 1.8 per cent to €44.35. Insulation makerThe UK’s FTSE 100 snapped a four-day losing streak on Monday as euphoria around upbeat earnings reports fromThe blue-chip FTSE 100 closed 0.

However, UK stocks lagged behind their European peers on Monday owing to a firmer pound after British prime minister Rishi Sunak announced a deal with the EU to amend the original Northern Ireland protocol.gained 2.5 per cent and hit a six-month high after raising annual dividend and reporting a higher full-year profit.owner climbed 1.4 per cent and touched a one-year high after the food processing company raised its full-year outlook.topped the FTSE 100 with 6.

Nonetheless, the Stoxx 600 has outperformed the S&P 500 index so far this year, boosted by recent data showing an improving economic outlook and by China’s reopening.celebrated its return to Germany’s Dax with a climb of 4.6 per cent, from which the country’s number two lender was removed in 2018.tumbled 9.2 per cent to the bottom of the Stoxx 600 as the veterinary drugs-maker warned its full-year operating profit would be at the lower end of analysts’ expectations.

The blue-chip Dow erased its gains for the year in Friday’s selloff and the benchmark S&P 500 posted its third straight week of losses on fears that a strong economy and high inflation will give the Fed more room to raise rates. The three main indexes climbed about 1 per cent after the opening bell on Monday but gave up some gains by afternoon as defensive sectors such as utilities and consumer staples stocks fell.up 4.

Data earlier showed new orders for key US-made capital goods increased more than expected in January, while shipments of the so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter.was in early talks to acquire the biotech firm. Pfizer’s shares slipped 1.1 per cent. – Additional reporting by Reuters

 

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