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European Stocks on Positive Side on SocGen Earnings Report

Adel 10 February, 2021 3:25 pm Global Stock Market, Market Update

European stocks rose during trading on Wednesday on upbeat quarterly earnings reports from companies including SocGen helped boost optimism about a faster vaccine-led economic recovery this year.

The STOXX 600 rose 0.3%, with commodity-related and banking stocks leading the gains. Most of the European indices were higher in early trade.

France’s Societe Generale rose 2.9% after beating earnings outlook for the fourth quarter, as fees related to the Covid-19 pandemic came lower than expected.

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