European stocks rise as positive corporate earnings show up
Positive corporate earnings ruled in the markets on Thursday, pushing European stocks higher.
Germany’s DAX inched up 0.4%. The FTSE 100 in the UK and the CAC 40 in France improved 0.4% and 0.2%, respectively.
European stocks were riding on the surging global shares in recent weeks brought about by the hopes that successful vaccination programs globally and hefty stimulus packages will boost demand. Manifesting this notion is the corporate sector, yielding positive figures.
Publicis stock gained 3.4% after the world’s third-largest advertising group returned to organic growth for the first time since the beginning of the pandemic. ABB stock added 3.5%.
In Germany, Vonovia shares inched up 1.6%. In the banking sector, Goldman Sac posted record first-quarter net profits as it capitalized on record levels of global dealmaking activity.
Additionally, German and French consumer prices improved 0.5% and 0.7%, respectively for the month of March.