• European stocks close higher on upbeat earnings; U.S. jobs data disappoints

    10 May 2021 | SET News


European stocks closed higher Friday as investors digested a fresh batch of quarterly earnings reports and economic data.

The pan-European Stoxx 600 ended the session up by 0.8% provisionally, with tech shares adding 2.1% to lead gains as most sectors and major bourses held in positive territory.

Back in Europe, German exports grew 1.2% in March to notch an 11th consecutive month of expansion, new data from the country’s Statistics Office revealed Friday, while industrial output in Europe’s largest economy grew 2.5% month-on-month. French industrial output grew 0.8% in March.

In coronavirus news, people under the age of 40 in Britain will be offered an alternative to the Oxford-AstraZeneca vaccine amid concern over links to rare blood clots. Separately on Friday, the European Medicines Agency’s safety committee said it was analyzing data on cases of a rare disorder affecting the nervous system following inoculation with AstraZeneca’s vaccine.


Reference: CNBC

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