European stocks steadily ahead of US employment reports

European equities on Thursday were strong as investors waited for the US’s first unemployed billing report scheduled for late today and a report on the number of very important non-farm payrolls scheduled for Friday. It has changed.

Eurostat data released earlier that day showed that eurozone producer prices rose more than expected in July against the backdrop of soaring prices for energy and intermediate commodities.

Prices at factory gates in 19 countries that share the euro rose 2.3% month-on-month, jumping 12.1% year-on-year.

The Pan-European STOXX 600 rose 0.2% to 474.17 after rising 0.5% on Wednesday.

Germany’s DAX was slightly higher and France’s CAC 40 index rose 0.1%, while the UK’s FTSE 100 fell slightly due to a number of ex-dividend moves.

Sweden’s Orphan Biovitrum surged 25% after US venture capital firms Advent International and Aurora Investment offered to buy a pharmaceutical company in a deal worth about SEK 69.4 billion ($ 8 billion).

Minor BHP Group fell 6.3% due to ex-dividends.

Engineering firm Melrose Industries surged 4.4% after turning into profits in the first half.

Consumer goods maker Unilever fell 2.5% as JP Morgan downgraded its share price from “neutral” to “underweight.”

Wizz Air Holdings’ share price rose about 1%. The low-cost airline said it carried 3.58 million passengers in August 2021. 50.4 percent more than last year’s 2.38 million passengers.

Online trading platform CMC Markets plunged 27% after lowering its full-year earnings outlook.

French speed train maker Alstom SA fell 2.2%. The company said it will supply 35 additional Citadis trams to SYTRAL, a public transport system in Lyon, France.

Evotec SE’s share price rose about 1%. German drug discovery and development partnership company announced that Bristol Myers Squibb (BMY) has exercised the option to enter into an exclusive global license for EVT8683.

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European stocks steadily ahead of US employment reports

Source link European stocks steadily ahead of US employment reports

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