European stocks reach a two-Peak on Tech And Business Results

European stocks reached a two-week high Thursday, November 5th, buoyed by a combination of strong business results and further stimulus for the British economy and the rise of Wall Street after the outcome of the US presidential election race became unpredictable.

In its fifth day of gains, the European Stoxx600 index rose 1%, reaching its highest level since October 20, as technology stocks returned to lead the gains.

The British FTSE index gained 0.6% after the Bank of England more than expected raised its already large stimulus package to buy bonds by 150 billion pounds.

French bank Societe Generale jumped 5.7% after returning to a quarterly profit, as its business activity continued to recover from a weak start of the year.

The share of the German media company Probespensat.1 Media rose 6.4% after it raised its forecast for the whole year and returned to profit in the third quarter of the year.