Several Palestinians killed, scores wounded by Israeli airstrikes on Gaza    Worldwide coronavirus cases cross 162.12 million    Weather Forecast for Sunday    Tunisian Foreign Minister Discusses Situation in Palestine with Number of his Counterparts    Arab Parliament Warns of Danger of Continuing Deterioration in Palestine    Bahrain closes 7 restaurants temporarily for flouting coronavirus rules during Eid    92 commercial firms temporarily closed in Jeddah for flouting COVID-19 rules during Eid    Children bearing brunt of escalating violence between Israelis and Palestinians: UNICEF    King Fahd Causeway Ready for Passenger Traffic from Tomorrow, Monday    Saudi Arabia Calls for An Emergency Meeting of OIC Foreign Ministers on Palestine Today    Biden calls Netanyahu, Abbas as US president expresses concerns over loss of life Israeli strikes have killed at least 145 Palestinians, including dozens of children: Health officials    Dozen dead after two back-to-back tornadoes hit China    UN rights chief calls for de-escalation in Israel-Palestine crisis    Video of coronavirus positive Indian minister mopping hospital's floors goes viral    Bahrain closes 3 mosques for violating Eid Al-Fitr prayer precautions    Saudi Press: Saudi Arabia Requests to Hold Emergency Meeting to Discuss Israeli Aggression    Upstream spending, cut by $285 billion in two years, will struggle to recover to pre-pandemic levels    Inflation matters, but Fed policy matters more.    SITA marks a 25-year milestone in border management    Jordan Motorsport unveils route details for 2021 Jordan Rally    Remarkable collection of Syrian art transcends horrors of war: Arte Arta Gallery    Champions League final 2021 moved from Istanbul to Porto's Estádio do Dragão    Saudi, French officials release first details of Dakar 2022    Italy fines Google €102 million for abuse of dominant position    Prospects of preparing playgrounds in partnership with private sector explored    Organ donation a good deed, says Council of Senior Scholars    Tawakkalna Launches Registration Service to Donate Organs on its Website    King Salman, Crown Prince sign up for organ donation program    'Love & Inspire' art exhibition supports 'Smile' Initiative    GASTAT Publishes Flash Estimates of Real GDP Growth Rate for Q1 of 2021    Al-Falih: Saudi-Pakistani Supreme Coordination Council Opens Wider Horizons for Economic Growth    United World, ITC Sign Three-year Partnership to Launch Sports for Development    Citizen Account Wins UN WSIS Prize for E-Government Track    From whom do we take Shariah? How do we get legitimacy?    Sheikh Salman Al Khalifa: Saudi Football Association is distinguished and professional    Saudi Rower Hussain Alireza sets for 2021 Tokyo Olympics qualifiers    Asian Handball Championships' Draw to Take Place in Jeddah on Saturday    President of Union of Arab Football Associations Meets with Heads of FIFA, AFC and CAF    Business Lady Led Saudi World Competitiveness Edge, in Banana Planting    Al-Khawada Constitutes One of Khulays Governorate Traditional Dishes    Indian Community in Rafha Recalls Ramadan Habits    Welcome to beautiful Ramadan customs    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

European Stocks Close Higher Again on Recovery Optimism
Published in Saudi Press Agency on 17 - 04 - 2021

European stocks closed higher on Friday, extending recent gains, amid continued optimism about global
economic recovery thanks to fairly upbeat data from China, the US and Europe, dpa reported.
Strong results from some top name U.S. and European companies contributed as well to the positive mood in the markets.The pan European Stoxx 600 climbed 0.9 per cent. Britain's FTSE 100 ended 0.52 per cent up, Germany's DAX gained 1.34 per cent, France's CAC 40 surged up 0.85 per cent and Switzerland's SMI ended higher by 0.57 per cent.
Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Iceland, Ireland, Netherlands, Norway, Portugal, Russia, Spain and Sweden ended with strong gains.
Greece and Poland closed weak, while Turkey and Ukraine ended flat.
Automobile stocks rallied after industry data showed Europe's new car registrations surged in March due to last year's exceptionally low base of comparison caused by the strict Covid-19 restrictions introduced in most markets in March 2020.
Registrations of new passenger cars increased 87.3 per cent annually, in contrast to February's 19.3 per cent decline.
In the UK market, Everaz, Tesco, Next, British American Tobacco, Natwest Group, BT Group, Melrose, Barclays Group and Flutter Entertainment gained 2 to 4 per cent.
Online supermarket Ocado Group shares gained nearly 2 per cent. The company announced that it has commercially partnered with Oxford -based autonomous vehicle software company Oxbotica Ltd to develop a range of vehicles that will be integrated into the Ocado smart platform.
Rolls-Royce Holdings, Hikma Pharmaceuticals, ICP and Barratt Developments declined sharply.
In the French market, Valeo, ArcelorMittal, Safran, Renault, Air France-KLM, BNP Paribas and LVMH gained 2 to 4 per cent. Publicis Groupe, Veolia and Hermes International also ended notably higher. In Germany, Siemens moved up more than 4 per cent. Daimler rallied 2.5 per cent after its preliminary results for the first-quarter of 2021 came in significantly above market expectations, driven by higher vehicle prices and strong demand for its Mercedes-Benz cars, particularly in China.
Covestro, Continental, Volkswagen, Deutsche Bank, Bayer and BASF gained 2 to 3 per cent. HeidelbergCement shares rose sharply after the company said that its preliminary results for the first quarter of 2021 were significantly above market expectations.
Dutch bank ING gained notable ground in positive territory after announcing its plan to separate the Management Board Banking roles for technology and operations.
In economic releases, Eurozone consumer prices increased as initially estimated in March, final data from Eurostat showed. Inflation accelerated to 1.3 per cent in March from 0.9 per cent in February.
This was the third consecutive rise in prices and matched flash estimate released on March 31.
The euro area trade surplus declined in February as exports decreased amid rising imports, Eurostat reported. The trade surplus rose to a seasonally adjusted 18.4 billion euros in February from 28.7 billion euros in January. Exports decreased 2.5 per cent month-on-month, while imports were up 3.4 per cent in February.
Switzerland's producer and import prices declined in March, data from the Federal Statistical Office showed. Producer and import prices fell 0.2 per cent year-on-year in March. The producer price index declined 0.4 per cent annually in March and import prices increased 0.1 per cent.

Clic here to read the story from its source.