European stocks end higher as Stellantis, luxury stocks jump | Malay Mail

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LONDON, Jan 19 — European stocks rose yesterday as a jump in carmaker Stellantis and luxury stocks helped reverse early market losses due to worries about an economic recovery and losses in French grocer Carrefour. The pan-European STOXX 600 index closed 0.2 per cent higher after see-sawing...

European earnings season will kick into high gear in the coming weeks, with analysts predicting a 26.3 per cent drop in fourth-quarter profit for companies listed on the STOXX 600, as per Refinitiv I/B/E/S estimates. — Reuters pic

The German DAX rose 0.4 per cent, boosted by a 4.8 per cent jump in Adidas, while UK’s FTSE 100 slipped 0.2 per cent and France’s CAC 40 rose just 0.1 per cent. “Given how far stocks have come since the end of October some hesitancy about the next steps is understandable — much of the good news that may be imparted by earnings season has already been factored in,” Chris Beauchamp, chief market analyst at IG, said in a note.

Attention is especially focused on the 321-seat Senate, where Conte looks certain to fall short of an absolute majority.

 

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