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European stocks are mainly high. SocGen Leads Busy Earnings Day by Investing.com

© Reuters.

Peter nurse

Investing.com-European stock markets traded slightly higher on Wednesday, and investors digested a bunch of corporate news on a busy earnings day.

At 4:10 EST (0910 AM GMT), Germany fell 0.1%, the United Kingdom rose 0.1%, and France rose 0.1%.

Helping the European equity market in recent years has been a solid earnings season, with many companies announcing results on Wednesday.

Shares of Societe Generale (OTC :) rose 2.9% after a “significant improvement” in its business after a major French bank suffered a significant loss of equity derivatives in the second half of 2020.

The stock price of ThyssenKrupp (DE :) rose 4.6% after the German conglomerate raised its annual sales, cash flow and profit outlook due to improved demand for auto parts and materials.

Adyen (AS :) Stocks surged 9.8% in history after a Dutch company known for handling payments for Facebook (NASDAQ :) and other major online companies, helped by growth in the Americas and exceeded expectations. It became the best.

Heineken (OTC :), on the other hand, fell 2.1% after the Dutch brewer announced that it would cut jobs by about 8,000 after a review of its business launched in October.

Maersk (CSE :) inventories have fallen 7.6% after the world’s largest containership line showed disappointing outlook, showing signs of freight peaking.

At the beginning of Wednesday, China rose annually in January for the first time in a year, demonstrating strong manufacturing growth in the world’s second-largest economy, according to data released earlier Wednesday.

But this positive news was alleviated by the deflation of Chinese as virus regulations curtailed travel and spending.

Returning to Europe, Germany rose 0.8% in January, confirmed a 1.0% year-on-year increase, but due to the government’s temporary VAT cuts, it fell into a negative territory in late 2020 and is now due. Has expired.

The stock market has risen strongly in recent months, coupled with vaccination programs to end the coronavirus pandemic, with expectations of a global economic recovery against the backdrop of huge fiscal and monetary spending.

After Silvio Berlusconi announced that the Forza Italia party would support the new administration, Italian stocks on Tuesday remained high for nearly 12 months, approaching a solid majority at parliamentary meetings.

Crude oil prices rose on Wednesday, supported by a further fall in stock prices. The American Petroleum Institute reported an unexpected fall last week late Tuesday. Supply data from the Energy Information Agency, scheduled for later in the day, is currently being carefully investigated.

US crude oil futures traded 0.4% higher at $ 58.61 a barrel and international benchmark contracts rose 0.3% to $ 61.42.

Elsewhere, it rose 0.4% to $ 1,845.30 / ounce, but rose 0.1% to 1.2131.



European stocks are mainly high. SocGen Leads Busy Earnings Day by Investing.com

https://www.investing.com/news/stock-market-news/european-stocks-mostly-higher-socgen-leads-busy-earnings-day-2414485 European stocks are mainly high. SocGen Leads Busy Earnings Day by Investing.com

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