Business & Investment

European Equities: European Equities Rise After Monday’s Bruise Sold Out

European stocks After the bruise sold out in the previous session on Tuesday, a surge in commodity inventories offset concerns and rebounded. Omicron coronavirus mutant..

The Pan-Europe STOXX600 rose 0.9% as of 0821 GMT, with miners and oil stocks driving the rise against the backdrop of rising copper and crude oil prices, with a slight rise in risk cravings.

Semiconductor and chip inventory ASML Holding, ASM International, Infineon Tech and STMicroelectronics each rose about 2% after US chip maker Micron Technology exceeded market expectations with the latest information on transactions.

Sporting goods makers Adidas and Puma added 1.2% and 1.0%, following Nike’s quarterly beats.

Sanofi fell 0.1% after announcing the acquisition of Amunix Pharmaceuticals for about $ 1 billion.

European Equities: European Equities Rise After Monday’s Bruise Sold Out

https://economictimes.indiatimes.com/markets/stocks/news/european-shares-rise-after-mondays-bruising-sell-off/articleshow/88409926.cms European Equities: European Equities Rise After Monday’s Bruise Sold Out

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