The German chemicals giant Bayer logo is depicted at Bayer headquarters in Leverkusen.
Roberto Payfil / Agence France-Presse / Getty Images
European stocks rallied on Thursday, the first day of the final quarter, helped by US legislators hoping to reach a deal to provide new impetus.
Stoxx Europe 600 SXXP,
Climbed 0.8%, and also increased in the main regional index, with the German DAX,
French CAC 40 PX1,
And UK FTSE 100 UKX,
Advancing.
Dow Jones Industrial Futures on the Industrial Average YM100,
Increased 271 points.
Stocks Europe 600 rose 0.2% in the third quarter, down 8.5% advance for the S&P 500 SPX,
At the same time frame, like the Euro EURUSD,
Rose 3.3% against advanced lor.
The background to the elevated coronavirus case continues in Europe. The new rules in Spain mean that most regions of the country will limit public service and retail sales to 50% capacity, while France may introduce new restrictions on Thursday night. Spain, France and the Netherlands have the highest rates of new cases per capita in the last seven days, according to data tabulated by Deutsche Bank.
One of the key questions in the short term is whether the U.S. Whether any additional stimulus will pass the bill. Analysts at Goldman Sachs called that possibility “impossible” and said that if the House Democrats voted on their $ 2.2 trillion package, it would signal the end of negotiations with the White House. “If there is a vote on that bill, the barriers to pre-election stimulus will reach zero, we believe. Delay in voting will be a positive sign, although there are many hurdles in the deal that will still need to be overcome,” Goldman Sachs analysts said. Was.
H&M HMB,
When the Swedish fashion chain reveals that the worst epidemic has been the worst. Its third-quarter earnings beat expectations, as it said sales fell 5% in September and it plans to close 250 stores next year.
STM Microelectronics STM,
Milan rose 4%, as the chipmaker’s third-quarter earnings outlook for 2020 rises to a strong third-quarter forecast of 2. 2.67 billion. The company has reported a “sharp” acceleration in demand for omot tomato products and microcontroller chips.
BAYN BAYN,
Sales of shares fell 12 percent, according to the German pharmaceutical and chemicals company, which said next year’s main earnings per share would be slightly lower at this year’s steady exchange rate, with sales flat.
Bayer said lower commodity prices for major crops, fierce competition in soybeans and lower biofuel consumption are hurting the agricultural sector and the move by the Brazilian real is hurting the company even more. It will charge a “high-single-digit” deficit of up to billions of euros in its agricultural business.
Rolls Royce R.R.,
Shares of UK anti-engine maker Struggler fell as much as 1% on Wednesday as it would sell નજીક 2 billion at a close to 1% discount and raise at least £ 1 billion in the bond market.
.
