European stocks rack up second week of gains, Pandora leaps | Malay Mail

📆 10/10/2020 4:08 AM
📰 malaymail

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LONDON, Oct 10 — European stocks posted a second consecutive week of gains yesterday as bumper forecasts from Denmark’s Pandora and Novo Nordisk set a brighter tone for the earnings season, while investors kept an eye out for signs of fresh US stimulus. The STOXX 600 index ended up 0.6 per cent...

UK stocks got a boost as British finance minister Rishi Sunak announced his latest programme to try to stave off a surge in unemployment. — Reuters pic

Shares of aircraft engine maker Rolls Royce have almost doubled in value since Monday, while British Airways owner-IAG jumped 13.2 per cent. “Even though we’ve had rising infection rates in developed markets for the best part of the month, there hasn’t been any negative impact on consensus earnings forecasts,” said Alastair George, head strategist at Edison Investment Research.

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European stocks rise on solid retail earnings, commodity jump | Malay MailFRANKFURT, Oct 9 ― European stock markets gained today on rosy earnings forecasts from retailers Pandora and Zalando as well as drugmaker Novo Nordisk, with investors keeping an eye out for signs of fresh US stimulus. The STOXX 600 index rose 0.4 per cent, led by miners and oil companies as...
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