European Stocks Reach Their Peak With Support From Unilever And Nokia

On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy.

The European Stoxx600 index rose 0.4%, just 3 points away from its peak.

Consumer goods giant Unilever rose 3.2%, as it achieved more than expected quarterly sales to support increased indoor cooking activity and a strong economic recovery in China. The company also announced a share buyback program of up to 3 billion euros, equivalent to $3.6 billion.

Finnish network equipment maker Nokia jumped 13.7%, as growth in sales of 5G networks and equipment supported its quarterly results.