empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

2018.02.1520:47:00UTC+00European Markets Gain Amid Mixed Earnings Reports

European stocks ended Thursday's trade on a relatively upbeat note, as investors priced in corporate earnings, while keeping an eye on market moves overseas.

The pan-European STOXX 600 closed 0.53 percent higher provisionally, off session highs, while sectors finished mostly in the green. The recovery rally seen in Europe held Thursday, despite volatility, on the back of sharp losses last week.

The FTSE 100 climbed 0.29 percent by the close, while France's CAC 40 jumped 1.11 percent. Germany's DAX finished roughly flat, up 0.06 percent.

Oil and mining sectors advanced. The weakening U.S. dollar buoyed most commodities with dollar-denominated prices, like copper and oil.

With one trading day left this week, the Stoxx Europe 600 was looking at a weekly gain of 2.1 percent. That would mark the first win in four weeks.

Earnings were in focus with stronger-than-expected results driving Europe's top gainers. Airbus soared to the top of the STOXX 600 after the continent's biggest aerospace company exceeded profit and earnings expectations. Shares closed up 10.3 percent on the news.

Dutch insurer Aegon climbed 2.18 percent after the firm posted its latest figures. The company doubled quarterly net income and lifted estimates for future earnings.

On the other hand, Standard Life Aberdeen saw shares plunge 7.5 percent after news emerged that it had been given notice on a £109 billion ($153 billion) asset management deal by Scottish Widows and Lloyds Banking Group's Wealth businesses. The CEOs of Standard Life Aberdeen said in a statement that they were "disappointed by this decision" and would be discussing the implications of the terminated partnership with the firms in the future.



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off