European equities rally as earnings surge expectations stabilize

European equities rally as earnings surge expectations stabilize

On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions.

The STOXX 600 rallied by about 0.3%, while Germany's DAX leapt by up to 0.2%.

Asian stocks and Wall Street also soared because expectations strengthened that China and America will come to a compromise and dodge another round of American levies on imports from China expected to kick in by March 1.

Madrid's IBEX headed south by 0.1% in the face of reports that Spain's minority Socialist cabinet could announce an early general election on the condition it loses a budget vote after its refusal to have Catalan self-determination negotiated.

In the face of all the intricacies of Brexit, London's FTSE outperformed a bit, heading north by 0.4% after data revealed that UK inflation declined to a two-year minimum in January.

Dutch bank ABN Amro, affected by loan impairments, headed south by 6.3% with fourth-quarter net gain below analysts’s estimate.

Dutch blue chip counterpart Heineken was differently welcomed by the market, tacking on by up to 4.3% and set for its best performance since 2015 on better-than-anticipated outcomes.

Akzo Nobel, the paint maker in the Netherlands ascended by 3.9% having marginally surpassed expectations.

The euro zone's number one asset manager, Amundi was also appreciated by market participants, adding 4.3% having confirmed its profit objectives for 2020, notwithstanding negative market conditions in the fourth quarter.

Among other companies whose outcomes stood out in morning trade, we should mention Ingenico that gained 7.2%, online gambling company Kindred Group that ascended by 5.8% as well as Swedish Match with its 7.5% leap - the top performer of the STOXX 600.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera