{"id":80586,"date":"2023-02-24T13:46:16","date_gmt":"2023-02-24T09:46:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80586"},"modified":"2023-02-24T13:46:19","modified_gmt":"2023-02-24T09:46:19","slug":"european-stocks-rise-with-the-support-of-french-saint-gobain-and-swedish-elekta","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-rise-with-the-support-of-french-saint-gobain-and-swedish-elekta\/02\/24\/market-updates\/","title":{"rendered":"European stocks rise with the support of French Saint-Gobain and Swedish Elekta"},"content":{"rendered":"\n<p>European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta.<\/p>\n\n\n\n<p>The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan&#8217;s exclusion of an early end to monetary easing pushed down global bond yields.<\/p>\n\n\n\n<p>Saint-Gobain shares rose 5.5%, boosting the European construction and raw materials sector by 0.8%, after the company posted record annual revenues that exceeded analysts&#8217; expectations of strong growth in all its regions on Thursday.<\/p>\n\n\n\n<p>Elekta shares also jumped 7.7% to top the Stoxx 600 index after good profits in the third quarter.<\/p>\n\n\n\n<p>While German chemical giant BASF shares fell 3.7%, as the company indicated a decline in its annual profits.<\/p>\n\n\n\n<p>It said it plans to cut 2,600 jobs and halt buybacks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan&#8217;s exclusion of an early end to monetary easing pushed down global bond yields. Saint-Gobain shares &hellip;<\/p>\n","protected":false},"author":9,"featured_media":80587,"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":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-80586","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80586","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=80586"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80586\/revisions"}],"predecessor-version":[{"id":80588,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80586\/revisions\/80588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/80587"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}