Ekonomické zprávy

European stock markets rose to a new nine-month high

European stocks continued their rise yesterday, and reached a new 9-month high, which was helped by positive corporate earnings.

The Stoxx Europe Index 600 - composite index of the largest enterprises in the region - rose by 0.84% to 463.34. Industrial stocks led gains, up 1.1%, while chemicals started trade with marginal losses.

Earnings come from Credit Suisse, Siemens, AstraZeneca, Unilever, L’Oreal and ArcelorMittal.

Siemens shares rose 7.2% after the German company announced higher-than-expected earnings and higher full-year sales guidance. Revenue for the first quarter increased 10% year on year to 18.1 billion euros ($19.44 billion).

The quotes of the French Legrand jumped by 7.4%, as revenue and operating profit in 2022 exceeded forecasts.

The price of AstraZeneca shares rose by 4.4% amid reports of higher-than-expected profit in the fourth quarter.

Credit Suisse's capitalization fell by 5.8% after the Swiss financial conglomerate announced the biggest annual losses since 2008.

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