SocGen earnings lift European Stocks

10.02.2021 - Evdokimov Roman
SocGen earnings lift European Stocks

Stock markets in the euro zone were seen opening stronger on Wednesday, getting some lift from solid earnings from Societe Generale, as well as from hopes for a global economic recovery from the coronavirus pandemic.

The DAX futures contract in Germany gained 0.1%. CAC 40 futures in France added 0.3% while the United Kingdom’s FTSE futures contract rose 0.4%. Italian stocks stayed hovering around 12-month highs.

Germany’s consumer prices in January climbed 0.8% on a monthly basis and 1.0% year-on-year. With growing expectations for a global economic recovery backed by robust vaccination programs and fiscal and monetary spending, stock markets have climbed strongly in the last few months.

Societe Generale posted stronger-than-expected figures with 470 million euros ($569 million) net profit for the fourth quarter, though ending the year 2020 with 258 million euros net loss.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?