European stocks rise on upbeat forecasts from Pandora, Novo Nordisk
Reuters
Published Oct 09, 2020 08:34
(Reuters) - European stock markets gained on Friday on rosy earnings forecasts from retailers Pandora and Zalando as well as drugmaker Novo Nordisk , with investors keeping an eye out for signs of fresh U.S. stimulus.
Danish jewellery maker Pandora (CO:PNDORA) jumped 10.6% and German online fashion company Zalando (DE:ZALG) rose 3.7% after raising their outlook for 2020 on the back of a strong third quarter.
Danish pharma company Novo Nordisk (CO:NOVOb) gained 3.2% after it raised its 2020 sales and operating outlook.
The broader STOXX 600 index (STOXX) rose 0.4% by 0713 GMT, led by miners (SXPP) and oil companies (SXEP) as commodity prices rose. The index was on course to record its second straight week of gains. [MET/L] [O/R]
U.S. President Donald Trump said in an interview with Fox News that talks with Congress have restarted over further COVID-19 relief and that there was a good chance a deal could be reached. But he gave no other details about a possible agreement.
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Written By: Reuters
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