European stocks climbed as a rally in auto-industry shares and Aviva Plc outweighed declines in food makers after Unilever missed sales forecasts. Asian shares advanced and U.S. index futures were little changed.
Nokian Renkaat Oyj, the Nordic region’s largest tire maker, rallied 8.3 percent after posting better-than-estimated earnings. Aviva, the U.K.’s second-biggest insurer, surged 6.7 percent as first-half profit increased 21 percent. Unilever, the world’s second-largest maker of consumer goods, declined 3.6 percent. Barclays Plc slipped 2.8 percent after revenue at its investment banking operations declined.
The benchmark Stoxx Europe 600 Index rose 0.4 percent to 263.12 at 10:54 a.m. in London, having swung between gains and losses at least five times. The gauge has advanced 13 percent from this year’s low on May 25 as concern eased that Europe’s sovereign debt crisis may derail the economic recovery. More than 25 companies in the Stoxx 600 reported results today.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
Latest posts by Dean Popplewell (see all)
- Euro zone bond yields sink as German manufacturing slows - 24 July 2019
- How Boris Johnson Plans to Deliver Brexit in 100 Days - 24 July 2019
- Weak PMI’s Sink EUR - 24 July 2019