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European stocks rebound as banks, autos rally | Malay Mail

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BERLIN, Oct 23 — European stocks rose today, boosted by positive earnings updates from Barclays and carmakers, but nagging worries about the economic impact of surging Covid-19 cases put markets on course for their biggest weekly decline in a month. The pan-European STOXX 600 index advanced 0.9...

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. — Reuters pic

Carmaker Daimler rose 2.3 per cent as it raised its 2020 profit outlook after a 24 per cent jump in demand for luxury cars in China in the third quarter. “But the domestic part of the market exposed to mobility and restrictions are impacted by the second wave.”

 

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