Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. Switzerland
  4. Switzerland
  5. Euro Stoxx 50
  6. News
  7. Summary
       EU0009658145

EURO STOXX 50

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

European stocks rise as earnings lift sentiment ahead of Fed

07/28/2021 | 12:03pm EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks gained on Wednesday as encouraging earnings reports from British bank Barclays and luxury group Kering helped investors look past worries about China's regulatory crackdown that kept markets on edge this week.

The pan-European STOXX 600 index rose 0.7% after two sessions of declines.

Barclays jumped 2.0% as it announced resumption of shareholder payouts after beating first-half profit expectations, while German lender Deutsche Bank edged up after it delivered a better-than-expected quarterly profit.

The tech sector was propped up by a 3.8% rise in Capgemini after the French consulting and IT services provider raised its 2021 outlook.

French luxury group Kering rose 3.6% as second-quarter sales nearly doubled, with its star fashion label Gucci accelerating sharply.

Analysts expect companies listed on the STOXX 600 to report profit growth of 120.8% in the second quarter versus 115.2% forecast last week, a Refinitiv IBES estimate found.

"The underlying foundations for the market remain as they were. We've got good companies producing better earnings," said David Miller, investment director at Quilter Cheviot Investment Management.

"Ratings are certainly higher than they were, but they're being backed up by earnings growth, and central banks continue to be supportive."

European stock markets outpaced Wall Street's benchmark S&P 500 index on Wednesday ahead of the U.S. Federal Reserve's policy decision later in the day, with investors waiting for any clues on the timing of tapering as policymakers face spiking inflation in the world's largest economy.

"It is unlikely to be a particularly exciting FOMC meeting, but there may be hints regarding the process of tapering of asset purchases," said Chris Beauchamp, chief market analyst at IG.

STOXX v SPX

Wizz Air jumped 8.0% after the Hungarian airline forecast capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August.

Other airlines, including easyJet and British Airways-operator IAG, also gained on Britain's decision to exempt double-vaccinated visitors from the European Union and the United States from quarantine.

In deal-making, Adecco Group tumbled 7.9% as it said it agreed to buy AKKA Technologies in a deal worth 2 billion euros ($2.4 billion), the biggest deal in the Swiss staffing company's 25-year history.

Telecom Italia edged 0.3% higher on saying it may seek investors for its cloud and wholesale undersea cable businesses as it looks to extract value from its assets.

(Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila and Barbara Lewis)

By Sruthi Shankar and Shreyashi Sanyal


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADECCO GROUP AG -0.15% 48.15 Delayed Quote.-18.48%
BARCLAYS PLC -0.68% 182.72 Delayed Quote.25.42%
CAPGEMINI SE -1.18% 193.25 Real-time Quote.54.30%
DEUTSCHE BANK AG -0.11% 10.688 Delayed Quote.19.07%
EASYJET PLC -0.52% 651.8 Delayed Quote.-6.44%
EURO STOXX 50 -0.77% 4157.88 Delayed Quote.16.82%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -1.04% 170.86 Delayed Quote.7.77%
KERING -2.56% 636.5 Real-time Quote.9.91%
TELECOM ITALIA S.P.A. 0.37% 0.3556 Delayed Quote.-6.15%
WIZZ AIR HOLDINGS PLC -0.90% 5064 Delayed Quote.11.96%
All news about EURO STOXX 50
09/23EURO STOXX 50 Index Ends 1.08% Higher at 4194.92 -- Data Talk
DJ
09/23EUROPE : European stocks rally for third day, FTSE 100 struggles after BoE comments
RE
09/23STOXX EUROPE 600 : European Bourse Tracking Higher Midday in Global Rally
MT
09/23European Fixed Income Update
MT
09/22EURO STOXX 50 Index Ends 1.29% Higher at 4150.19 -- Data Talk
DJ
09/22Eurostoxx 50 : European shares rise on Evergrande relief, ahead of Fed meeting
RE
09/22STOXX EUROPE 600 : European Bourses Gain Midday, Bank and Oil Issues Rising
MT
09/21EURO STOXX 50 Index Ends 1.33% Higher at 4097.51 -- Data Talk
DJ
09/21Eurostoxx 50 : European shares recover from worst session in two months; UMG soars in d..
RE
09/21STOXX EUROPE 600 : European Bourses Higher Midday Led by Insurance, Oil and Tech Issues
MT
More news
News of the index components EURO STOXX 50
03:32aTOTALENERGIES : is Official Title Sponsor of BWF Major Championships until 2025
PU
03:29aADIDAS : European stocks slide as Evergrande concerns resurface
RE
03:20aAIRBUS : Formally Secures India's Order for 56 Aircraft to Replace Air Force Fleet
MT
02:57aDEUTSCHE BÖRSE : Legal & General Investment Management Lists New Exchange-Traded Fund on X..
MT
02:53aADYEN : UBS reiterates its Buy rating
MD
02:50aAIRBUS : India formalises acquisition of 56 Airbus C295 aircraft
RE
02:45aASML : Credit Suisse remains its Buy rating
MD
More news
Chart EURO STOXX 50
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Top / Flop EURO STOXX 50
LINDE PLC 310.37 Delayed Quote.1.41%
AMADEUS IT GROUP, S.A. 56.16 Real-time Estimate Quote.0.79%
VIVENDI SE 10.965 Real-time Quote.0.64%
ALLIANZ SE 192.05 Real-time Estimate Quote.0.30%
ENGIE 11.79 Real-time Quote.0.27%
PHILIPS NV 39.015 Real-time Quote.-1.89%
LVMH MOËT HENNESSY LOUIS VUITTON SE 639.8 Real-time Quote.-2.19%
ESSILORLUXOTTICA 169.74 Real-time Quote.-2.29%
KERING 636.6 Real-time Quote.-2.56%
ADIDAS AG 278.375 Real-time Estimate Quote.-3.71%
Heatmap :