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European stocks rise on upbeat forecasts from Pandora, Novo Nordisk

Published 10/09/2020, 03:29 PM
Updated 10/09/2020, 03:30 PM
© Reuters.
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 9 (Reuters) - European stock markets gained on Friday on
rosy earnings forecasts from retailers Pandora and Zalando as
well as drugmaker Novo Nordisk , with investors keeping an eye
out for signs of fresh U.S. stimulus.
Danish jewellery maker Pandora PNDORA.CO jumped 10.6% and
German online fashion company Zalando ZALG.DE rose 3.7% after
raising their outlook for 2020 on the back of a strong third
quarter. Danish pharma company Novo Nordisk NOVOb.CO gained 3.2%
after it raised its 2020 sales and operating outlook.
The broader STOXX 600 index .STOXX rose 0.4% by 0713 GMT,
led by miners .SXPP and oil companies .SXEP as commodity
prices rose. The index was on course to record its second
straight week of gains. MET/L O/R
U.S. President Donald Trump said in an interview with Fox
News that talks with Congress have restarted over further
COVID-19 relief and that there was a good chance a deal could be
reached. But he gave no other details about a possible
agreement.

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