© Reuters. European shares rise thanks to positive expectations for Pandora and Novo Nordisk
(Reuters) – European stock markets gained on Friday on positive earnings expectations from retailers Pandora and Zalando as well as drugmaker Novo Nordisk, as investors kept their sights on signs of a fresh stimulus launch in the United States.
Danish jewelery maker Pandora’s shares jumped 10.6 percent and German online fashion retailer Zalando rose 3.7 percent after the two companies raised their 2020 forecasts on the back of strong performance in the third quarter.
Danish pharmaceutical maker Novo Nordisk gained 3.2 percent after the company raised its 2020 sales and operating forecast.
The pan-European STOXX 600 index rose 0.4 percent by 0713 GMT, led by mining and oil stocks as commodity prices rose. The index is heading towards recording gains for the second week in a row.
US President Donald Trump said in an interview with Fox News that talks with Congress on aid to alleviate the repercussions of Covid-19 had resumed and that there was a good chance of reaching an agreement. But he did not give further details about the potential agreement.
(Prepared by Moataz Muhammad for the Arabic Bulletin)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
These were the details of the news European shares rise thanks to positive outlook for Pandora and Novo... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
