Germany’s DAX index gained 0.8 per cent, while the STOXX 600 index rose 0.9 per cent. — Reuters pic
LONDON, Feb 3 — European shares rose for the third session today as focus remained on a busy day of earnings, with positive sentiment spilling over from Asian markets on hopes of a faster global economic recovery. Siemens rose 1.8 per cent as the German engineering company raised its 2021 outlook after beating first-quarter expectations on faster-than-anticipated recovery from the Covid-19 downturn in China and Germany.Novo Nordisk added 3.2 per cent after the diabetes drug maker gave upbeat sales and profit forecasts for 2021.Swedish truckmaker AB Volvo rose 0.
Markets remained hopeful for US President Joe Biden’s proposed US$1.9 trillion Covid-19 aid bill as the Senate took steps to allow Democrats to pass Biden’s package without Republican support. — Reuters