Europe: Shares edge higher as robust earnings offset US stimulus doubts

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[BENGALURU] European stocks edged higher on Wednesday as upbeat earnings reports from UK's Tesco and Germany's Dialog Semiconductor helped offset uncertainties surrounding a fresh US stimulus package. Read more at The Business Times.

[BENGALURU] European stocks edged higher on Wednesday as upbeat earnings reports from UK's Tesco and Germany's Dialog Semiconductor helped offset uncertainties surrounding a fresh US stimulus package.Asian stocks and US futures also recovered after sharp losses on Wall Street after US President Donald Trump on Tuesday abruptly called off talks with Democratic lawmakers on coronavirus relief legislation until after the election.

Dialog Semiconductor jumped 5.4 per cent to the top of Stoxx 600 after it forecast better-than-expected revenue in its third quarter. Britain's biggest supermarket chain Tesco gained 3.6 per cent as it reported a jump in sales and forecast full-year retail operating profit to be at least the same level as 2019-20.

 

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