European stocks rise on solid retail earnings, commodity jump | Malay Mail

📆 10/10/2020 6:57 AM
📰 malaymail

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

FRANKFURT, Oct 9 ― European stock markets gained today on rosy earnings forecasts from retailers Pandora and Zalando as well as drugmaker Novo Nordisk, with investors keeping an eye out for signs of fresh US stimulus. The STOXX 600 index rose 0.4 per cent, led by miners and oil companies as...

The European equities benchmark was on course to record its second straight week of gains as a string of mergers and acquisitions as well as a recovery in beaten-down sectors like banks and energy lifted regional markets. — Reuters pic

France's new daily Covid-19 infections remained above the record 18,000 threshold for the second day, while UK's health minister Matt Hancock warned the country was at a “perilous moment” as more than 17,540 new Covid-19 cases were recorded. Sentiment was supported by upbeat earnings outlook. Danish jewellery maker Pandora jumped 14 per cent and German online fashion company Zalando rose 4.4 per cent after raising their outlook for 2020 on the back of a strong third quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

European stocks flat as upbeat earnings offset US stimulus doubts | Malay MailLONDON, Oct 7 — European stocks hovered near a two-week high today 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 from sharp losses that were sparked...
Source: malaymail - 🏆 1. / 86 Read more »