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       EU0009658145

EURO STOXX 50

Delayed Quote. Delayed Switzerland - 07/28 11:50:00 am
4103.03 PTS   +0.94%
Pre-market
-0.07%
4100.16 PTS
07/28EURO STOXX 50 Index Ends 0.94% Higher at 4103.03 -- Data Talk
DJ
07/28EUROPE : European stocks rise as earnings lift sentiment ahead of Fed
RE
07/28STOXX EUROPE 600 : European Bourses Tracking Higher Midday Ahead of US Federal Reserve Policy Statement
MT
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European shares rebound on strong earnings, M&A speculation boosts Hugo Boss

04/21/2021 | 12:17pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) -European stocks bounced back on Wednesday after their worst sell-off this year as optimism about a strong earnings season countered worries about a rapid rise in COVID-19 cases in some countries.

The pan-European STOXX 600 index rose 0.7% after a blistering seven-week rally ran into a bout of profit-taking on Tuesday, when it fell 1.9%.

Healthcare stocks gave the STOXX 600 its biggest boost, with Swiss drugmaker Roche jumping 3% after predicting a surge in demand for its drugs for the remainder of 2021.

Semiconductor equipment maker ASML jumped 4.1% to lift tech stocks after it raised its full-year sales forecast, citing strong demand amid a global computer chip shortage.

Smaller rival ASM International rose 1.2% on forecasting a rise in second-quarter orders.

European company earnings are expected to rise a record 61% in the first quarter of 2021, based on Refinitiv IBES data, placing Europe on course for a rare outperformance versus corporate America.

"(But, markets) remains all-too-aware that earnings season provides the potential for some more downside as companies find themselves struggling to spin a positive case to justify further appreciation in their stock prices," said Chris Beauchamp, chief market analyst at IG.

With global equities trading at all-time highs and earnings expectations surging as vaccination drives and stimulus programmes support global recovery, concerns about stretched valuations remain.

On Wednesday, the European Union crossed one its last major hurdles to launch a 750 billion euro ($900 billion) recovery fund.

But, other risks such as inflation and a stock market correction are starting to become more dominant than the pandemic, a top official at Norway's $1.3 trillion wealth fund said.

German fashion house Hugo Boss jumped 6.7% to a one-year high, with traders citing a media report of takeover interest in the company, including from French luxury goods maker LVMH.

The world's second-largest brewer Heineken NV and French luxury goods group Kering were among other stocks to rally after upbeat results.

Among decliners, Italian football club Juventus slumped 13.7% after breakaway European Super League founder and Juventus chairman Andrea Agnelli said the league can no longer go ahead after six English clubs withdrew.

On Thursday, the European Central Bank's meets but no policy changes are expected to be made.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta and Jane Merriman)

By Sruthi Shankar and Susan Mathew


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASM INTERNATIONAL N.V. 0.54% 297.8 Real-time Quote.65.49%
EURO STOXX 50 0.94% 4103.03 Delayed Quote.14.42%
EXOR N.V. 0.98% 67.88 Delayed Quote.2.51%
HEINEKEN HOLDING N.V. 0.83% 84.75 Real-time Quote.9.99%
LVMH MOËT HENNESSY LOUIS VUITTON SE 2.78% 688.2 Real-time Quote.34.70%
STOXX EUROPE 600 NR 0.67% 1033.55 Delayed Quote.16.73%
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Chart EURO STOXX 50
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | EU0009658145 | MarketScreener
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Top / Flop EURO STOXX 50
PROSUS N.V. 72.13 Real-time Quote.6.61%
KERING 757.8 Real-time Quote.3.64%
ASML HOLDING N.V. 642.5 Real-time Quote.3.13%
ADYEN N.V. 2326.5 Real-time Quote.2.87%
LVMH MOËT HENNESSY LOUIS VUITTON SE 688.2 Real-time Quote.2.78%
BAYER AG 50.385 Real-time Estimate Quote.-0.27%
DEUTSCHE POST AG 58.73 Real-time Estimate Quote.-0.27%
BMW AG 83.53 Real-time Estimate Quote.-0.32%
DAIMLER AG 73.81 Real-time Estimate Quote.-0.34%
LINDE PLC 296.86 Delayed Quote.-0.67%
Heatmap :