European stocks rise in early trading after Carrefour shares jump over 13%

2021-01-13 12:34:50 GMT (Economies.com)
European stocks rise in early trading after Carrefour shares jump  over 13%

European stocks rose on Wednesday, resuming gains after a 2-day slide, but today's gains remain slim as investors parse the recent developments regarding the coronavirus pandemic, while retail giant Carrefour shares jumped more than 13% after merger talks with the Canadian company Alimentation Couche-Tard.

 

The Stoxx Europe 600 index rose 0.1% as of 10:25 GMT, after it closed lower by 0.15% yesterday on profit taking from an 11-month high of  411.92 points.

 

The pan European index opened higher today, resuming gains after a 2-day slide, with most of the major European markets and sectors seeing green.

 

The telecom sector saw the largest gains in Europe today, rising more than 1.5%, thanks to jump by Telefónica share by more than 7% after it announced selling telecommunication towers worth $9.4 billion to American Tours Corp.

 

Investors are parsing the recent developments regarding the coronavirus crisis in the region, with some European governments plans to speed up their vaccination campaigns.

 

S&P 500 futures rose 0.2%, after the index closed lower by 0.1% yesterday at Wall Street, on profit-taking from its record high of 3,826.69 points.

 

Back to Europe, the Euro Stoxx 50 index rose 0.1%, France's CAC 40 rose 0.3%, the UK's FTSE 100 added 0.15%, and Germany DAX index rose 0.1%.

 
 
 
  Symbol Last Change Chg.%
1.2124
0.0059
0.4890%
1.3673
0.0124
0.9174%
Tadawul
8878.30
-29.61
0.33%
25.721
0.816
3.274%
53.038
0.738
1.411%
56.08
-0.23
0.41%
1868.390
32.275
1.758%
 
 
US
 
Europe
 
Asia