European stocks rise for second day with corporate earnings in focus

2021-04-14 14:30:01 GMT (Economies.com)
European stocks rise for second day with corporate earnings in focus

European stocks rose in early trading on Wednesday, extending gains for the second straight session near the all-time record highs, as focus shifted to the corporate earnings season for the first quarter of this year, and following Wall Street's record gains yesterday.

 

The Stoxx Europe 600 index rose 0.3% as of 11:28 GMT, after closing higher by 0.1% yesterday.

 

The mining care sector saw the largest gains in Europe today, with a jump of more than 1.1%, followed by the tech sector's 1.0% rise.

 

LVHM stock rose more than 2.5%, after the French conglomerate specialized in luxury goods announced a large rebound in Q1 profits thanks to the rising US and Chinese demand for the company's products.

 

SAP shares rose more than 4% after the German software giant raised its revenue forecast for 2021, after making better-than-expected profits thanks to strong sales during the first quarter.

 

S&P 500 futures rose more than 0.1%, after the index closed higher by 0.15% yesterday and hit a new record high of 4,148.00.

 

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.5% to its highest level since November 2000 at 6,217.7 points, and Germany's DAX index added less than 0.1%, while the UK's FTSE 100 rose 0.4%.

 
 
 
  Symbol Last Change Chg.%
1.2079
-0.0094
0.7747%
1.4030
-0.0106
0.7506%
Tadawul
10322.68
86.96
0.85%
26.945
-0.859
3.089%
64.690
-0.702
1.073%
67.79
-1.53
2.21%
1815.815
-28.410
1.540%
 
 
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