European stocks rise near records, head for weekly gain

2021-11-19 12:53:42 GMT (Economies.com)
European stocks rise near records, head for weekly gain

European stocks rose on Friday, resuming gains after taking a pause yesterday due to profit-taking, to rise once again near an all-time high, to head for the seventh straight weekly gain thanks to the release of upbeat Q3 earnings.

 

The Stoxx Europe 600 index rose 0.4% as of 08:59 GMT, after closing lower by 0.5% yesterday on profit-taking from its all-time high of 490.58 points.

 

The mining sector saw the largest gains in Europe today, with a rise of more than 1.5%, as most of the sector's companies recovered.

 

The Stoxx Europe index gained 0.6% so far this week, to head for the seventh weekly gain in a row, thanks to successive upbeat Q3 earnings.

 

S&P 500 futures rose 0.3% today ahead of Wall Street's opening, after the index closed 0.3% higher yesterday, thanks to improved investors' sentiment.

 

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.5%, and Germany's DAX index rose 0.25%, while the UK's FTSE 100 rose 0.4%.

 
 
 
  Symbol Last Change Chg.%
1.1310
0.0040
0.3554%
1.3323
0.0014
0.1014%
Tadawul
10810.60
-60.02
0.55%
22.926
-0.119
0.516%
69.555
-2.846
3.931%
73.85
0.41
0.56%
1790.570
5.480
0.307%
 
 
US
 
Europe
 
Asia