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European shares soar as financials increase
European shares jumped higher last Wednesday brought by financial stocks as investors parsed through multiple earnings data and progress on Sino-US trade talks eased financial market anxiety.
Societe Generale tallied a record of 3.5%. This followed after its statement of setting aside three-quarters of the cash meant for delivering a planned dividend payout this 2019.
The French Bank contributed 1% increase in bank stocks as the pan-European STOXX 600 index soared at 0.6% by 0826 GMT.
Supermarket contractor Ahold Delhaize increased at 2.2% following its quarterly core earnings disclosure prior to analysts’ prediction.
European shares session ended well with an all-time high record last Tuesday making it a four-year high streak from optimism about trade dispute between China and US.
Lack of recent trade progress deviated the attention back to the third-quarter earnings season. The said session turned out to be far better than the forecasted result.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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