Europe edges higher as robust earnings offset U.S. stimulus doubts

  • Reuters
  • Stock Market News
Europe edges higher as robust earnings offset U.S. stimulus doubts
Credit: © Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Oct 7 (Reuters) - European stocks edged higher on Wednesday as upbeat earnings reports from UK's Tesco and Germany's Dialog Semiconductor helped offset uncertainties surrounding a fresh U.S. stimulus package.

The pan-European STOXX 600 index .STOXX rose 0.2% by 0711 GMT.

Asian stocks and U.S. futures also recovered after sharp losses on Wall Street after U.S. President Donald Trump on Tuesday abruptly called off talks with Democratic lawmakers on coronavirus relief legislation until after the election. .N

Dialog Semiconductor DLGS.DE jumped 5.4% to the top of STOXX 600 after it forecast better-than-expected revenue in its third quarter. biggest supermarket chain Tesco TSCO.L gained 3.6% as it reported a jump in sales and forecast full-year retail operating profit to be at least the same level as 2019-20. audiobook streaming group Storytel STORYb.ST was up 3.2% after it beat its third-quarter forecast for subscriber growth and streaming revenue.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search