Upbeat earnings lift European shares, autos zoom

took heart from another nudge lower in the pound ahead of the results of a Conservative leadership race which should see Boris Johnson anointed as the next prime minister.“At the moment there is an assumption that the central banks have got everybody’s back and that is probably the major reason why the markets are quite bouncy at the moment or seem optimistic,” said Russ Mould, investment director at AJ Bell in London.

In Spain, results of the first confirmation vote that could see the country’s acting Prime Minister Pedro Sanchez form a government with far-left party Podemos were awaited. The vote, which comes almost three months after an inconclusive national election, is scheduled for 1600 GMT. Madrid’s main index had lost 2.3% over the last four sessions with political uncertainty being a major weight on sentiment. Santander’s 2.4% rise after results helped the index out of its blues.

Reporting by Susan Mathew and Medha Singh in Bengaluru and Josephine Mason in London; editing by Patrick Graham and Shounak Dasgupta

Anyone notice they have been changing their messaging lately. I wonder if it has anything to do with them being owned by an investment firm now? Any other theories?

This is scary to me. Not only because I just read an article a few weeks ago talking about how the globe has gotten to what is called peak auto. So, unless there was a concerted effort to change this. These sales are inflated. They may have really happened, but didn't need to.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple supplier predicts strong consumer demand – and European chip stocks climb higherApple supplier AMS reported an upbeat outlook in its consumer business.
Source: CNBC - 🏆 12. / 72 Read more »

Randstad CEO attributes earnings miss to European auto slowdownDutch staffing giant Randstad on Tuesday reported underlying earnings slipping 4% in the second-quarter, slightly missing analyst forecasts due to a slowdown in Europe.
Source: CNBC - 🏆 12. / 72 Read more »

Randstad CEO attributes earnings miss to European auto slowdownDutch staffing giant Randstad on Tuesday reported underlying earnings slipping 4% in the second-quarter, slightly missing analyst forecasts due to a slowdown in Europe.
Source: CNBC - 🏆 12. / 72 Read more »

Snap shares jump on upgrade ahead of earnings after the bellShares of Snap, parent company of Snapchat, rose on Tuesday following an upgrade from Stifel ahead of the company's earnings release after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Hedge against FANG earnings with this ETF strategyExchange-traded fund experts offer strategies for playing tech giants' stocks ahead of this week's earnings reports for three FANG companies.
Source: CNBC - 🏆 12. / 72 Read more »

US stock futures cautiously higher as big earnings week gathers paceU.S. stock index futures were cautiously higher Tuesday morning as investors hope for better-than-expected earnings from a host of corporate giants in the coming days.
Source: CNBC - 🏆 12. / 72 Read more »