European stocks rise on solid retail earnings, commodity jump | Malay Mail

📆 2020-10-09 6:57 PM
📰 malaymail

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FRANKFURT, 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...

The European equities benchmark was on course to record its second straight week of gains as a string of mergers and acquisitions as well as a recovery in beaten-down sectors like banks and energy lifted regional markets. — Reuters pic

France's new daily Covid-19 infections remained above the record 18,000 threshold for the second day, while UK's health minister Matt Hancock warned the country was at a “perilous moment” as more than 17,540 new Covid-19 cases were recorded. Sentiment was supported by upbeat earnings outlook. Danish jewellery maker Pandora jumped 14 per cent and German online fashion company Zalando rose 4.4 per cent after raising their outlook for 2020 on the back of a strong third quarter.

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