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Europe: Shares rise as short covering, earnings help temper growth worries

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[BENGALURU] European shares ended higher on Thursday as short covering kicked in ahead of a long Easter weekend and strong quarterly results including those from Unilever and Nestle tempered data showing euro zone businesses unexpectedly slowed this month. Read more at The Business Times.

[BENGALURU] European shares ended higher on Thursday as short covering kicked in ahead of a long Easter weekend and strong quarterly results including those from Unilever and Nestle tempered data showing euro zone businesses unexpectedly slowed this month.

The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China.Markets however turned to end higher as a weaker euro and short covering ahead of Easter holidays benefited stocks.

Amsterdam-listed shares of Unilever hit a life-high after the consumer goods group reported stronger than expected quarterly underlying sales growth, helped by increased prices and volume.

 

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