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European Stock Markets Gain Ground as Wall Street Hits New Records, Positive Quarterly Results Fuel Investor Optimism

(CercleFinance.com) – European stock markets tend to gain ground this Thursday (+0.3% in London, +0.2% in Frankfurt, +0.7% in Paris), encouraged by the strength of Wall Street where the main equity indices reached new records the day before.

Indeed, the S&P500 was close to the symbolic mark of 5,000 during the session on Wednesday, and thus offered itself a double ‘intraday’ and closing record (+0.82% to 4,995), while the Dow Jones (+ 0.4% to 38,677) recorded its best close ever.

‘The solidity of the quarterly results fueled the optimism of investors, who also listened attentively to the comments of officials of the American Federal Reserve about interest rates,’ explains Kiplink.

In the absence of major macroeconomic data this Thursday in Europe, operators on the old continent are focusing their attention on the numerous publications of company results this morning, the majority of which were well received.

They thus applaud the results of the payment solutions provider Adyen (+17% in Amsterdam), and welcome those of the consumer products group Unilever (+3% in London), but sanction those of the AstraZeneca laboratory (-2% in London).

On the Paris Stock Exchange, investors warmly welcome the annual publications of the real estate company Unibail-Rodamco-Westfield (+6%) and the luxury house Kering (+4%), unlike those of the bank Crédit Agricole (-6%).

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2024-02-08 10:17:00
#Market #optimism #Europe #York #ABC #Bourse

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