European shares rise on strong earnings, pharma boost

Nov 8 - European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while investors assessed a slew of economic data and comments from central bankers for cues on European Central Bank's rate hike path.Data showed euro zone retail sales fell roughly in line with expectations in September, while another survey showed euro zone consumers have raised their inflation expectations over the next 12 months to 4%.

The ECB needs to see further progress in dampening inflationary pressures, and companies along with governments need to chip in to prevent more policy tightening, said the central bank policymakers. Continental said it expects a strong fourth quarter for its automotive business and higher growth in the global auto market this year than previously forecast, lifting shares of the auto parts manufacturer 4.1% higher.British retailer Marks & Spencer soared 8.4% on a much better-than-expected 75% rise in first-half profit.

Of the STOXX 600 companies that have reported third-quarter results, 55.3% topped earnings expectations, slightly above the typical rate of 54%, LSEG data showed on Tuesday.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market news today: Stocks extend win streak as investors cling to Fed rate excitementInvestors are weighing whether the Fed is really done hiking as policymakers speak out.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Latest market-sensitive news and views(Kitco News) - Federal Reserve Bank of Minneapolis President Neel Kashkari said it is too soon to declare victory over inflation, despite signs in recent economic releases that price pressures are easing.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Stock market news today: Stock futures dip as Fed rate hopes dimInvestors are weighing whether the Fed is really done hiking as policymakers speak out.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Oil price news: Oil slips below US$80 as Fed rate worries cloud market outlook​Oil fell below US$80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia's supply cuts.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »