European stocks and US equity futures rise as hopes of American stimulus stay alive

European stocks and US equity futures rise as hopes of American stimulus stay alive

Wait On October 5, 2020, a waitress serves a customer on the terrace of a restaurant in Marseille, southeastern France.

Nicholas Tukat / Agency France-Press / Getty Images

On Friday, European equities and U.S. Stock futures saw further uptrend, as investors kept alive hopes of American stimulus deals over a positive weekend for markets.

Stoxx Europe 600 Index SXXXP,
+ 0.29%
0.4% up and 1.5% up for the week, one more session to go. German DAX DAX,
-0.01%
Was flat, while the French CAC 40 PX1,
+ 0.38%
And FTSE 100 UKX,
+ 0.67%
Each increased 0.4%.

U.S. Stock Futures ES00,
+ 0.45%

NQ00,
+ 0.31%
Dow futures rose across the board, with YM100
+ 0.45%
Above 100 points. Key Indicators High close on Thursday, Worries about a contested election result fading and hoping for a stimulus package, even if it doesn’t come after the battle for the White House.

President Donald Trump said Thursday that Motivation speaks to Democrats Have become productive, Regardless of their decision to call them just a few days ago. Hours later, House Speaker Nancy Pelosi said She still wanted a big deal.

Elsewhere, China showed a private gauge of services-sector activity Faster growth than expected In September. Mining stocks, a major consumer of natural resources, are increasingly sensitive about China. Shares of Anglo American UK: Aloros rose 2% and Fresnilo UK: Fraz rose 2.2%.

Where economic news was less positive for the UK The economy grew by only 2.1% in August, A disappointing forecast for growth of 6.6% and a slow monthly gain after the initial coronavirus lockdown. France Report a The pace of industrial production is slow In august.

Shares of heavyweight oil companies were lifted by rising oil prices. Oil prices CL.1,
-1.11%

BRN00,
-0.92%
Thursday ended as Hurricane Delta pushed more than 90% of crude output shut-ins into the Gulf of Mexico. Crude prices remained stable on Friday.

Total TOTAL shares,
+ 1.04%,
Royal Dutch Shell RDSA,
+ 1.88%
And BP BP,
+ 1.81%
All increased by more than 1%.

Semiconductor-related stocks were inspired by shares of NXP Semiconductors NXPI,
+ 0.92%
Late Thursday night U.S. Chip manufacturer Lifted his outlook for the quarter.

And Advanced Micro Devices AMD,
-0.20%
The deal is in further negotiations to buy rival chip maker Zilinks in a deal worth more than Rs 30 billion. The Wall Street Journal reported, Quoting people familiar with the matter.

In Europe, shares of Infinion Technologies IFX,
+ 2.38%
1.6% and for dialogue semiconductor DLG,
-0.37%
Increased 1.6%.

Shares of Rolls Royce Holdings RR, no
+ 21.06%
Again 13% were rising. Shares have risen 95% this week, but are down 67% to date.

London Stock Exchange LSE,
+ 0.31%
Borsa Italia has agreed to sell its entire stake in the parent company to Euronext ENX,
-4.68%
Inside deal worth 33333 billion euros (.0.0.09 billion). Shares of LSE rose 0.8%, while shares of Euronext rose 0.9%.

See also  End of Quarantine for Vaccination | Canadians were easily excluded in England and Scotland

LEAVE A REPLY

Please enter your comment!
Please enter your name here