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European stock markets posting gains thanks to positive earnings outlooks from Pandora and Zalando for retail as well as from pharmaceutical maker Novo Nordisk, as investors keep their sights on indications of a new stimulus release in the US.
Danish jewelry maker Pandora’s shares jumped 10.6% and German online fashion retailer Zalando rose 3.7% after the two companies raised their 2020 forecasts on the back of strong performance in the third quarter.
Danish pharmaceutical maker Novo Nordisk gained 3.2% after the company raised its 2020 sales and operating forecast.
The pan-European STOXX 600 index rose 0.4%, led by mining and oil stocks, with rising commodity prices. The index is heading towards recording gains
For the second week in a row.
US President Donald Trump said in an interview with Fox News that talks with Congress on aid to mitigate the repercussions of Covid-19 have resumed and that there is a good chance of reaching an agreement. But he did not give further details about the potential agreement.
