European stocks are one inch higher with strong US data

European stocks saw a slight rise on Thursday as consumer data and positive data from the U.S., including unemployment claims that reached the lowest levels for over 50 years, helped offset concerns about the surge. Was there. coronavirus The case of the entire continent.

On the other hand, the investors are Germans. Economy It is slightly larger than the estimate for the third quarter.

According to the revised data of Destatis, gross domestic product increased by 1.7% in the third quarter instead of the estimated 1.8% on October 29th.

The Pan-European STOXX 600 rose 0.4% to 481.67 after ending flat on Wednesday with a positive bias.

Germany’s DAX rose 0.4%, France’s CAC 40 index rose 0.3%, and the UK’s FTSE 100 rose 0.2%.

After a series of recent losses, tech stocks have rebounded. ASM International was up 2.5% and Infineon Technologies was up 0.6%.

Swiss Life rose 3.7% after launching a new $ 1.07 billion share buyback.

Swedish radiation therapy equipment maker Elekta surged 4% after reporting lower-than-expected earnings from August to October.

Rémy Cointreau’s share price surged nearly 11%, a record high in Paris. The wine and spirits company raised its full-year profit outlook after the group’s first-half net income increased by 106.1 percent from € 65 million last year to € 134 million.

Jenoptik surged 8.4% after German integrated photonics company announced that it had signed an agreement to sell its VINCORION division to a fund managed by private-equity fund Star Capital Partnership LLP.

Hochschild Mining said in London that precious metal companies could continue to operate in Peru’s southern Ayacucho, Parankata and Inmacularda mines under the existing legal framework, with clarification from the Peruvian government. It surged by 24%.

Vivo Energy’s share price has risen 20%. African retailers of Shell and Engen brand fuels and lubricants have announced that Vitol Group has agreed to buy Vivo shares for $ 1.85 or 139 pence in cash.

Mothercare stocks rose about 1%. Specialist brands for parents and toddlers reported profits in the first half compared to last year’s losses.

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European stocks are one inch higher with strong US data

Source link European stocks are one inch higher with strong US data

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