European stocks rise for second session in a row

2019-04-11 12:10:13 GMT (
European stocks rise for second session in a row

European shares rose on Thursday's trading, extending gains for the second session in a row, as the market's sentiment rose on corporates earnings announcements, which were better during the first quarter, while the ECB announced further stimulus in case of the eurozone economy continued to slow, in addition to the EU leadrs' agreement to postpone the Brexit deadline to the end of next October.


By 10:58 GMT, Stoxx Europe 600 rose more than 0.4%, as the index ended yesterday's session up by 0.3%, the first gain in three sessions, on the European Central Meeting's results and Mario Draghi's comments.


Stoxx Europe rose on Thursday morning to continue its gains for a second straight session, with most of the major markets and sectors in the Green Zone.


The French food company Sodexo index rose 5%, after it reported stronger-than-expected revenue growth, as Sodexo is the world's second-largest catering company.


LVMH index also rose more than 4% on the Paris stock market after the company reported strong sales in the first quarter with revenues rising more than 16%.


The European Central Bank (ECB) on Wednesday kept its stance on flexible monetary policy, as the bank governor, Mario Draghi, suggested that more stimulus measures could be taken if the euro-zone economy continued to slow.


Meanwhile, S&P 500 futures rose 0.2%, as the index ended yesterday's session by 0.35%, resuming gains that were temporarily suspended in the previous session for the first time in five sessions.


Euro Stoxx 50 index rose 0.5%. while in France, CAC 40 index gained 0.8% to top the gainers' list in Europe due to positive corporates results, in addition to Germany's DAX adding more than 0.4%.


In London, FTSE 100 rose 0.3% after the European leaders agreed at an emergency summit in Brussels to postpone Britain's departure fro, the European Union (Brexit) to October 31.

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