Strong corporate earnings lifted European shares to two-month highs on Thursday, with French shares leading gains as President Emmanuel Macron kept ahead of far-right rival Marine Le Pen in polls ahead of the vote. second round of Sunday’s elections.
France’s CAC 40 closed up 1.4%, buoyed by Macron’s combative performance in a televised debate where viewers found him more convincing to be president, according to an instant poll.
The broader European STOXX 600 index closed up 0.3%, with Nestlé and ABB among the biggest highlights after positive earnings, while Louis Vuitton LVMH owner rose 1.7% after the company’s chief executive, Bernard Arnaul, say that the company’s prospects this year are “good so far”.
The STOXX 600 is on track to end the week with a high of about 0.5% and erase the losses of the last week of 0.3%, with banks gaining more in the week after expectations of an imminent rise in interest rates the European Central Bank (ECB).
The FTSEurofirst 300 index closed up 0.18% at 1,803.69 points.
In LONDON, the Financial Times index fell 0.02% to 7,627.95 points.
In FRANKFURT, the DAX index rose 0.98% to 14,502.41 points.
In PARIS, the CAC-40 index gained 1.36% to 6,715.10 points.
In MILAN, the Ftse/Mib index had a devaluation of 0.29%, to 24,805.62 points.
In MADRID, the Ibex-35 index registered an increase of 0.51%, to 8,814.60 points.
In LISBON, the PSI20 index devalued 1.11%, to 6,055.83 points.
Source: Moneytimes
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