Economic news

European stocks climb as earnings stream offset Fed attitude

European stocks opened in positive territory on Thursday as a batch of corporate results somewhat offset concerns over fast-rising U.S. interest rates amid extended Sino-U.S. trade dispute, that could hurt the world economy.

Photo: Reuters

The pan-European STOXX 600 index was firm at 363.52. 

France's CAC 40 index was unchanged at 5,145.71, while Britain's FTSE 100 index gained 0.3 percent to 7,070.90. The UK's benchmark index enjoyed decline in the national currency amid prevailed fears about the result of tough talks between British and the EU officials.

Sterling changed hands at $1.3113. Versus the euro, it traded at £0.8786.

French grocery giant Carrefour soared 7.5 percent as sales jump in France and Brazil overshadowed declines in Southern Europe.

The telecom sector led the rise with Sweden-based Tele2 upgrading its outlook after strong financial results.


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