European stocks are boosted by Weir Group and Telenor

European stocks are boosted by Weir Group and Telenor

On Monday, European stocks ascended in early deals, although trading had thin volumes because a busy few weeks of earnings reports from key regional as well as American companies get underway.

The STOXX 600 index leapt 0.2%. Meanwhile, the blue chips tried to hold their slim revenues. The previous week, European indices reported their strongest week for two months because traders rapidly bought the dip caused by major financial institutions turning moderately hawkish.

Updates from some Nordic companies bolstered some sizeable moves, with stocks in Norway's Telenor gaining more than 7%. The telecoms company raised its outlook for this year’s earnings margins after its operating outcomes surpassed expectations.

Shares in British engineer Weir Group inched up 6.4% right after it updated forecasts upwards for its crude as well as gas units.

Stocks in Swedish medical technology company Getinge lost almost 7% after its second quarter core revenues ruined forecasts.

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ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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