Europe: Stocks end week with gains on telecoms, tech boost

Data showed US jobs increased by a better-than-expected 1.763 million in July, although the pace of recovery slowed amid a resurgence in new coronavirus infections, pressuring the White House and Congress to agree another aid package.

With the bulk of the European earnings season over, investors were relieved that most companies had exceeded analysts' much-lowered forecasts for quarterly profits. Refinitiv data showed about 60 per cent of the STOXX companies that have reported so far beat estimates. Deutsche Telekom, which owns 43 per cent of T-Mobile , rose 2.7 per cent after the US firm added more monthly subscribers than expected in the second quarter and said it surpassed rival AT&T.

United States United States Latest News, United States United States Headlines

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

Europe: London stocks drag shares lower as Glencore, oil stocks weigh[BENGALURU] European equities declined on Thursday as London stocks were sapped after Glencore scrapped its dividend and oil stocks slid, while investors kept a close eye on Washington for progress on US stimulus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks close higher as commodities shares rally[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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks steady at open, before US jobs data[LONDON] European stock markets steadied at the start of trading on Friday awaiting key jobs data in the United States, the country with the most coronavirus cases and deaths. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »