Stocks in Europe jump to open third quarter

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European stocks advanced on Thursday, kicking off the third quarter with strong gains.

U.S. stock futures ES00, +0.27% NQ00, +0.15% also were higher after a 14% first-half jump for the S&P 500 SPX, +0.13%. There are key economic data due for release, with a manufacturing report coming on Thursday and the nonfarm payrolls report coming on Friday.

The final eurozone manufacturing PMI for June came in at 63.4, up from 63.1 in May and a record high. Sodexo SW, +3.10%, the catering company, rose 5% after hiking its fiscal-year sales and margin guidance. Revenue jumped 19% on an organic basis in its fiscal third quarter. Rival Compass Group CPG, +3.42% rose 4%.

 

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