European stocks recorded a second consecutive weekly gain Friday, October 9th, as positive expectations from Pandora and Novo Nordisk gave the Danish side a more optimistic character to the earnings season, as investors’ eyes continued to turn to indications of a new US stimulus.<\/p>\n\n\n\n
The pan-European STOXX 600 index closed 0.6% higher, ending the week with a 2.1% gain.<\/p>\n\n\n\n
Global stocks gained this week on growing expectations that the Democratic Party would win<\/p>\n\n\n\n
The US elections next month, which raised hopes for more economic stimulus there.<\/p>\n\n\n\n
In Europe, local markets have been boosted by a series of mergers and acquisitions, as well as recovery of stricken sectors such as travel, entertainment, banking, and oil and gas.<\/p>\n\n\n\n
Aircraft engine maker Rolls-Royce has nearly doubled in value since Monday, while British Airways’ owner IAG jumped 13.2%.<\/p>\n\n\n\n
Pandora jewelery maker rose 17.2%, topping STCOS 600 today, after it raised its earnings outlook on the back of an increase in sales and a major boost to its online selling activity.<\/p>\n\n\n\n
Pharmaceutical maker Novo Nordisk added 3.3% after it raised its sales and operating profit forecasts for 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks recorded a second consecutive weekly gain Friday, October 9th, as positive expectations from Pandora and Novo Nordisk gave the Danish side a more optimistic character to the earnings season, as investors’ eyes continued to turn to indications of a new US stimulus. The pan-European STOXX 600 index closed 0.6% higher, ending the week …<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6864],"class_list":["post-35268","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-european-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35268"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35268\/revisions"}],"predecessor-version":[{"id":35269,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35268\/revisions\/35269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}