European stocks extend gains amid corporate earnings season

2019-04-24 15:02:22 GMT (Economies.com)
European stocks extend gains amid corporate earnings season

European shares rose in today's trading, extending their gains for the ninth session in a row, the longest daily gain series since October 2017, close to an eight-month high, as investors are valuing the earnings of major European companies and banks in the first quarter of this year.

 

Stoxx Europe 600 rose by more than 0.2% till 10:35 GMT, and the index ended yesterday's session up by 0.25%, the eighth daily gain in a row, as the energy sector rose strongly on the rise of oil prices in the global market.

 

The Index rose Wednesday morning to continue its ninth consecutive day of gains, approaching the highest level since August, with most of the major bourses and sectors in the positive region.

 

Credit Suisse bank index rose nearly 3% after announcing its Q1 profit rising, surpassing analysts' expectations, the second largest bank in Switzerland reported net income of 749 million Swiss francs ($734 million) for the first quarter of this year, an increase of 8% % on annual basis.

 

The German software company, Wirecard, jumped more than 8% after Japan's Softbank Group announced it would buy 5.6% of the company for 900 million euros ($1 billion).

 

S&P 500 futures fell more than 0.1%. as the index ended yesterday's session on Wall Street, up by 0.9%, its third straight daily gain, hitting a six-month high.

 

Euro Stoxx 50 index rose 0.3%. while In France, the CAC 40 index gained 0.1%. with Germany's DAX adding about 0.9% to top the gainers' list in Europe. In London, the FTSE 100 index fell 0.25% unlike the trend in Europe.

 
 
 
  Symbol Last Change Chg.%
1.1235
-0.0038
0.3375%
1.2526
-0.0049
0.3861%
16.343
1.125
7.393%
55.968
-4.364
7.233%
63.01
1.08
1.74%
1438.785
23.290
1.645%
 
 
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Asia