Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Earnings support European stocks ahead of GDP data

Published 04/30/2021, 03:28 PM
Updated 04/30/2021, 03:30 PM
© Reuters.

© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 30 (Reuters) - European stocks inched higher on
Friday, as strong corporate earnings lifted investor spirits
ahead of the release of euro zone economic growth data for the
first quarter.
The pan-European STOXX 600 index .STOXX was up 0.2% by
0720 GMT. The benchmark hovered below its all-time high and was
on course to end April 2.3% higher.
British drugmaker AstraZeneca (NASDAQ:AZN) AZN.L gained 2.7% on
reporting better-than-expected results and forecasting sales
growth. Swedish Match SWMA.ST rose 1.9% after the tobacco group
reported a much higher first-quarter operating profit than
expected. However, Barclays BARC.L tumbled 6.2% despite reporting a
quarterly profit that more than doubled, while France's BNP
Paribas BNPP.PA slipped 1.0% after better-than-expected
profit. All eyes are now on the euro zone's GDP data due at 0900
GMT. The economy is forecast to have shrunk 2% in the first
quarter versus a 4.9% fall in the final quarter of last year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.