Europe: US election bets, earnings drive stocks to two-week high

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

[BENGALURU] European stocks hit a more than two-week high on Thursday, as strong quarterly earnings, fresh stimulus for Britain's coronavirus-hit economy and a post-election gains for Wall Street lifted investor spirits. Read more at The Business Times.

"From a market perspective, the uncertainty we are seeing does little to hurt sentiment, with the prospect of a split Congress limiting the possibility of higher taxes under Biden," Joshua Mahony, senior market analyst at IG said in a note.

French lender Societe Generale gained 3.7 per cent after a recovery in its equity trading business helped it swing back to a quarterly profit. Wind turbine maker Siemens Gamesa, which would benefit from Biden's clean energy push, rose 5.1 per cent after it confirmed forecasts for a steady rise in margins until 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines