Europe's STOXX 600 hits record high on earnings-driven optimism

United Kingdom News News

Europe's STOXX 600 hits record high on earnings-driven optimism
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Explore stories from Atlantic Canada.

  • ๐Ÿ“ฐ SaltWire Network
  • โฑ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • ๐Ÿ“Š Quality Score:
  • News: 15%
  • Publisher: 63%

-Europe's benchmark stock index hit a record high on Wednesday, on continued cheer over strong earnings from the likes of beer maker Anheuser-Busch Inbev and Germany's Siemens Energy, while investors also mulled the fate of major central bank rate cuts.

However, ECB officials have flagged uncertainties around monetary policy easing beyond June, while across the Atlantic, doubts around the Federal Reserve's rate cuts loom large. On the earnings front, the world's largest beer maker Anheuser-Busch Inbev climbed 4.6% after posting consensus-beating first-quarter earnings and confirming its 2024 outlook, helping the food and beverages index rise 1.4% to be the top sectoral gainer.

Italy's Leonardo rose 2.5% on rising first-quarter orders and revenue. The broader aerospace and defence index rose 1.7%.

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:

SaltWire Network /  ๐Ÿ† 45. 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.

Tech stocks lead STOXX 600 higher; Barry Callebaut shimmersTech stocks lead STOXX 600 higher; Barry Callebaut shimmersExplore stories from Atlantic Canada.
Read more ยป



Render Time: 2025-01-19 02:13:22