European stocks rose sharply on Tuesday and Chinese stocks were optimistic. Economy Expectations for improved profits support emotions.
Meanwhile, investors noted comments from US Treasury Secretary Janet Yellen on US stimulus measures at a Senate confirmation hearing later today.
According to a copy of her prepared remarks. Yellen will call on the federal government to “take great action” to accelerate recovery.
The Pan-European STOXX 600 rose slightly at 408.96 after rising 0.2% on Monday. Germany’s DAX remained strong, the UK’s FTSE 100 rose 0.2%, while France’s CAC 40 index fell about 0.1%.
Sanofi rose 1.9%. A French pharmaceutical company said the UK Medicines and Healthcare Products Regulatory Agency has granted Nilsevimab a promising and innovative drug.
Speed train maker Alstom rose 3.5% after reviewing its full-year outlook and mid-2022/23 guidance.
Automakers were down after industry data showed that new car registrations in Europe continued to decline in December. Vehicle registrations fell 3.3% on an annual basis, slower than the 12% decline recorded in November.
TeamViewer increased by 2.6%. The software company has announced the acquisition of Xaleon, an Austrian start-up and customer engagement software provider.
Lipidor AB, a Swedish-based lipid Technology The company has risen by more than 2 percent. The company is Cannassure Therapeutics Ltd, a manufacturer of medical cannabis products based in Israel. He said he had signed an exclusive license agreement with.
Logitech increased 2.5% after computer peripheral manufacturers raised their third annual forecast, reporting that quarterly adjusted operating profit almost tripled.
Rio Tinto rose 0.5% after mining giants reported an 1% increase in annual shipments of iron ore from Australian mining hubs. Glencore’s share price has risen by more than 1%.
Gold mining company Centamin surged nearly 3% after reporting gold production from the Sukari gold mine in the fourth quarter, in line with quarterly guidance.
Real estate investment trust Hamerson won 1.4% after saying it had raised 41% of the rent payable in the first quarter of 2021.
Construction firm Kier Group has surged 13% after reporting better deals in the last six months.
On the economic front, German consumer prices fell in December, as initially estimated, as Destatis’ final data showed. The consumer price index fell 0.3% year-on-year in December, just like November.
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Growth optimism and predominantly high European share
Source link Growth optimism and predominantly high European share