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.

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