2020-11-09 13:10:00
EUROPEAN STOCKS UP ANEW
REUTERS - NOVEMBER 9, 2020 - European shares jumped on Monday as a victory for Democrat Joe Biden in the U.S. presidential election raised hopes of better trade ties between Washington and Europe, while chipmaker Infineon rose on a strong revenue forecast.
The pan-European STOXX 600 .STOXX was up 1.3% by 0805 GMT, with trade-reliant German shares .GDAXI adding 1.6% as data also showed exports in Europe's largest economy rose more than expected in September.
Japan's Nikkei share average hit a 29-year high, while futures tracking the U.S. S&P 500 index EScv1 jumped 1.4% as investors bet a Biden presidency and a potentially Republican-held U.S. Senate would lead to fewer industry reforms and more monetary stimulus.
The benchmark STOXX 600 ended Friday with one of its best weeks this year, although surging coronavirus cases across the continent capped gains. Investor attention has also been on Brexit trade talks, with British Prime Minister Boris Johnson saying a deal was “there to be done”.
In company news, German chipmaker Infineon IFXGn.DE gained 2.7% as it forecast a nearly 23% jump in revenue in the year ahead.
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Earlier:
2020, November, 5, 12:35:00
EUROPEAN STOCKS UP
the pan-European STOXX 600 index rose 1.0% to hit its highest level since Oct. 20,
2020, November, 3, 13:10:00
EUROPEAN SHARES UP
The pan-European STOXX 600 index .STOXX rose 1.3% on a second day of robust gains
2020, October, 30, 13:45:00
EURO GDP UP 12.7%
Eurostat said gross domestic product in the 19 countries sharing the euro surged 12.7% quarter-on-quarter in the July-September period after a 11.8% contraction in the previous three months.
2020, October, 21, 16:40:00
EUROPEAN ECONOMY WILL DOWN BY 7%
The European economy is projected to contract by 7 percent in 2020 and rebound by 4.7 percent in 2021.
2020, October, 16, 12:45:00
EUROPE'S SHARES UP
The pan-European STOXX 600 .STOXX rose 0.8% about an hour after the open.
2020, October, 15, 13:25:00
EUROPE'S SHARES DOWN
The pan-European STOXX 600 index .STOXX was down 1.7%
2020, October, 15, 13:20:00
EUROPE'S ENERGY EFFICIENCY STRATEGY
The EU will have to reduce buildings' greenhouse gas (GHG) emissions by 60%
