Stock

European shares rise on bullish forecasts from Pandora, Novo Nordisk

© Reuters. FILE PHOTO: The graphic of the German stock index DAX on the Frankfurt Stock Exchange

(Reuters) – European equity markets rallied on Friday on rosy earnings forecasts from retailers Pandora (OTC 🙂 and Zalando and drug manufacturers Novo Nordisk (NYSE :), with investors looking for signs of fresh US momentum.

Danish jewelry maker Pandora (CO 🙂 rose 10.6% and German online fashion company Zalando (DE 🙂 rose 3.7% after raising its outlook for 2020 on a strong third quarter.

Danish pharmaceutical company Novo Nordisk (CO 🙂 gained 3.2% after increasing its sales and operating outlook for 2020.

The broader STOXX 600 index () rose 0.4% to 0713 GMT, led by miners () and oil companies () as commodity prices rose. The index was well on track to hit its second straight week. (MET / L) (O / R)

US President Donald Trump said in an interview with Fox News that talks with Congress have resumed over further COVID-19 relief and that there is a good chance an agreement could be reached. However, he gave no further information about a possible agreement.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Related Articles