European stocks expand profits on day 3

European stocks rose three times in a row on Thursday as investors dispelled concerns about the spread of the Delta. Coronavirus It was a variant, and I expected the European Central Bank to feel reassured that policy support would continue for some time.

The outcome of the ECB meeting is scheduled for 1145 GMT, followed by a press conference with Governor Christine Lagarde at 1230 GMT.

The Pan-European STOXX 600 rose 0.7% to 457.06, approaching a record high of 461.38 points reached last week.

Germany’s DAX rose 0.8%, France’s CAC 40 index rose 0.6%, and the UK’s FTSE 100 rose 0.3%.

Publicis rose 3.7%. French advertising giants reported strong growth in the second quarter, reflecting the industry’s resurgence from the worst of the pandemic.

Switzerland Technology Engineering company ABB rose nearly 2%. The company said it has doubled its full-year sales outlook and is considering a spin-off of charging electric vehicles. business..

Drug giant Roche fell 1.3% after reporting a decline in profits in the first half.

UK homebuilder Barratt Developments surged 2.6% and Taylor Wimpey added 2.3% after data released earlier this week showed UK home sales reached record levels in June. ..

Premier Inn owner Whitbread soared 2.8% and shipping company First Group soared 4% hoping to enjoy the benefits of the reopening.

The real estate investment trust workspace group rose 2.4% after saying it witnessed demand at pre-pandemic levels.

British Gas owner Centrica fell 1.4% after reporting that operating profit in the first half of 2021 was almost flat.

Unilever, a consumer goods group, plummeted almost 5% after announcing lower profits in the first half due to rising costs.

In economic news, French manufacturing confidence was strengthened to its highest level in more than three years in July, largely driven by the assessment of foreign orders and personal production expectations, according to a survey by the Bureau of Statistics Insee. Showed.

The Manufacturing Psychology Index rose from 108 in June to 110 in July. This is the highest score since April 2018, exceeding the economist’s forecast of 107.

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European stocks expand profits on day 3

Source link European stocks expand profits on day 3

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