Europe: Stocks close higher as commodities shares rally

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

[BENGALURU] Positive earnings reports and a surge in commodities shares lifted European stock markets on Wednesday, but losses in defensive sectors and worries about surging coronavirus cases globally tempered the mood. Read more at The Business Times.

IHS Markit's final reading of euro zone business activity showed the bloc returned to modest growth in July as coronavirus restrictions were lifted. Separate data showed the volume of retail sales rebounded in June to levels recorded in February.

In earnings-driven moves, German logistics group Deutsche Post AG gained 2.5 per cent after reporting a better-than-forecast rise in operating profit, benefitting from a jump in ecommerce during the pandemic. Travel & leisure stocks extended gains for a third straight session, with British Airways-owner IAG, Lufthansa and Easyjet up between 6.5 per cent and 10.5 per cent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 15. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Europe: Shares lifted by positive earnings reports[BENGALURU] European shares rose on Wednesday, as a batch of positive earnings reports and the huge quantities of stimulus coursing through the financial system again overshadowed concerns about the surge in coronavirus cases in Europe and the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Manufacturing rebound, US stimulus hopes lift stocks[BENGALURU] A modest expansion in euro zone manufacturing activity and hopes of fresh US stimulus lifted European stocks across the board on Monday, with automakers, miners and construction & material firms leading the gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks close with big gains[HONG KONG] Hong Kong stocks surged 2 per cent Tuesday, tracking healthy gains across Asia and following a record lead from Wall Street, with investors also cheered by a drop in new virus infections in the city. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Nasdaq ends at another record as stocks extend rally[NEW YORK] The Nasdaq finished at its third straight record on Wednesday as US stocks shrugged off lackluster employment data and advanced on optimism over additional fiscal support. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »