Stock Market News

Energy, tech stocks boost European shares at open

2024.11.14 03:36

(Reuters) – Europe’s rose at the open on Thursday, led by energy and technology stocks, as upbeat earnings supported gains in the benchmark.

The pan-European STOXX 600 was up 0.3% as of 0813 GMT, although it was pinned near its lowest level in three weeks.

Telecoms was among the top five major percentage gainers in the sub-sectors, adding 0.8%, while heavyweight energy stocks advanced 1%.

Deutsche Telekom (OTC:) advanced 2.6% after Europe’s largest telecoms group by market capitalisation raised its full-year core profit forecast and marginally beat third-quarter core profit expectations.

ASML (AS:) gained 2.9% after Europe’s largest tech firm said it expects sales to grow by 8% to 14% over the coming five years, boosting the tech sub-sector 0.9%.

Monte dei Paschi di Siena (MPS) jumped 9.5% after Italy sold a 15% stake in the bank to rival Banco BPM, which also gained 4.2% early on.

© Reuters. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, November 20, 2017.    REUTERS/Kai Pfaffenbach/File Photo

Siemens (ETR:) rose 5.8% after the German engineering group beat fourth-quarter profit estimates.

Minutes from the European Central Bank’s (ECB) October policy meeting, where it had cut rates as expected, along with readings of euro-zone third-quarter employment and GDP are due later in the day.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,863.49 0.86%
ethereum
Ethereum (ETH) $ 3,418.12 3.81%
tether
Tether (USDT) $ 1.00 0.12%
solana
Solana (SOL) $ 259.29 1.61%
bnb
BNB (BNB) $ 671.05 8.09%
xrp
XRP (XRP) $ 1.55 10.67%
dogecoin
Dogecoin (DOGE) $ 0.471778 19.21%
cardano
Cardano (ADA) $ 1.09 22.43%
usd-coin
USDC (USDC) $ 0.99999 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,416.14 3.69%
tron
TRON (TRX) $ 0.21963 11.03%
avalanche-2
Avalanche (AVAX) $ 43.07 13.54%
shiba-inu
Shiba Inu (SHIB) $ 0.000028 12.91%
the-open-network
Toncoin (TON) $ 6.07 10.68%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,039.53 3.44%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,497.39 0.44%
stellar
Stellar (XLM) $ 0.441162 52.83%
polkadot
Polkadot (DOT) $ 8.13 34.61%
chainlink
Chainlink (LINK) $ 17.37 15.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 536.08 12.43%
sui
Sui (SUI) $ 3.59 2.54%
weth
WETH (WETH) $ 3,420.39 3.80%
pepe
Pepe (PEPE) $ 0.000022 8.68%
leo-token
LEO Token (LEO) $ 8.63 0.40%
near
NEAR Protocol (NEAR) $ 6.42 15.48%
litecoin
Litecoin (LTC) $ 103.17 15.30%
aptos
Aptos (APT) $ 12.89 9.33%
uniswap
Uniswap (UNI) $ 10.65 14.92%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,588.64 3.57%
hedera-hashgraph
Hedera (HBAR) $ 0.151445 15.99%
internet-computer
Internet Computer (ICP) $ 11.70 20.44%
crypto-com-chain
Cronos (CRO) $ 0.19839 7.25%
usds
USDS (USDS) $ 1.00 0.62%
ethereum-classic
Ethereum Classic (ETC) $ 30.48 11.35%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.565209 24.53%
kaspa
Kaspa (KAS) $ 0.162214 10.32%
render-token
Render (RENDER) $ 7.92 11.63%
bittensor
Bittensor (TAO) $ 533.34 8.18%
bonk
Bonk (BONK) $ 0.000051 3.29%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.16%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 13.63%
whitebit
WhiteBIT Coin (WBT) $ 24.69 0.28%
vechain
VeChain (VET) $ 0.044103 36.99%
dogwifcoin
dogwifhat (WIF) $ 3.54 10.93%
arbitrum
Arbitrum (ARB) $ 0.857091 9.01%
mantra-dao
MANTRA (OM) $ 3.82 4.12%
dai
Dai (DAI) $ 0.999773 0.07%
cosmos
Cosmos Hub (ATOM) $ 8.18 18.93%
blockstack
Stacks (STX) $ 2.12 13.30%
filecoin
Filecoin (FIL) $ 5.29 15.42%