European markets higher after a recovery on Wall Street; L & # 39; Oreal has risen 6%

European markets higher after a recovery on Wall Street; L & # 39; Oreal has risen 6%

The Europe-wide Stoxx 600 rose 1.6 percent this morning, with all sectors in positive territory. The French CAC 40 Index topped profits between major exchanges, trading more than 2.3 percent higher.

European commodity stocks posted the best results, up more than three percent higher than expected earnings news.

Compared to the European benchmark, L & # 39; Oreal rose to the top of the European benchmark after higher sales in the third quarter than in the previous year. Shares of Paris-listed shares rose more than 6 percent in the news.

Standard Chartered also rose nearly 4 percent after reporting a profit jump from the previous year. Banco Santander shares rose 3 percent after gains increased in the third quarter.

In the meantime, tire maker Nokian Renkaat broke into the bottom of the index after slashing its outlook on lower sales in the third quarter. The Finnish company fell more than 12 percent during the morning deals.

,

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.