European stocks rose as a positive earnings report from Hermes bolstered confidence in a broader economic recovery, but the benchmark STOXX is set to end a two-week winning streak on concerns about rising inflation.<\/p>\n\n\n\n
The European index rose 0.1%, while Hermes shares jumped 5.7%, as the manufacturer of Birkin bags said sales had rebounded strongly in the fourth quarter of last year.<\/p>\n\n\n\n
The stock was among the biggest gainers on the STOXX 600 and contributed to the European Personal Goods Index rising 0.7%.<\/p>\n\n\n\n
But the STOXX 600 index is still heading to end the week almost flat after its three-session decline, as optimism about a better-than-expected earnings season has receded, giving way to concerns that high inflation may lead central banks to start cutting back a set of stimulus packages.<\/p>\n\n\n\n
Later today, all eyes will be on preliminary readings of business activity data across the Eurozone.<\/p>\n\n\n\n
French carmaker Renault fell 3.5% after the company posted a record annual loss of 8 billion euros ($ 9.68 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks rose as a positive earnings report from Hermes bolstered confidence in a broader economic recovery, but the benchmark STOXX is set to end a two-week winning streak on concerns about rising inflation. The European index rose 0.1%, while Hermes shares jumped 5.7%, as the manufacturer of Birkin bags said sales had rebounded strongly …<\/p>\n","protected":false},"author":9,"featured_media":30900,"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-41764","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\/41764","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=41764"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41764\/revisions"}],"predecessor-version":[{"id":41765,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41764\/revisions\/41765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30900"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}