European stocks rose on Tuesday as investors reacted on corporates earnings announcement. However, Frankfort stock exchange was on holiday.
In the currency market, the single currency rose against the greenback and the safe-haven assets Japanese yen and Swiss Franck to trade at 1.1646, 132.43 and 1.1616 respectively at 17:00 GMT.
The primary European index Stoxx 600 was up by 0.40 percent or 1.57 points to close today’s trading session in the green at 395.48 supported by the gains in all sectors except the sector of Basic Materials as it fell slightly by 0.03 percent.
Looking at individual stocks, Ryanair was the biggest gainer under Stoxx600 as its share added 7 percent during today’s trading session after the company said that its net profit rose by 11 percent during the first half of the current year.
In political news, Deposed Catalan leader Carles Puigdemont spoke at a press conference in Brussels Tuesday saying that he was not trying to escape justice by leaving Spain, but that he instead wanted to "put the Catalan problem at the heart of the European Union." Spain's state prosecutor called for rebellion, sedition and embezzlement charges to be brought against Catalonia's leaders.
UK’s shares were slightly up today as its main index added only 0.07 percent or 5.27 points at 7,493.08 supported by the gains in Technology, Energy and Industrials sectors.
Looking at individual shares, Britain's oil major BP added 2 percent as its earnings for the third quarter beat analysts’ expectations, highlighting the improving fortunes of an industry that has withstood one of the deepest downturns in a generation.
However, Burberry share fell by 1.5 percent on the back of news that the chief designer Christopher Bailey is set to resign from the luxury goods maker in March 2018.
In the currency market, the sterling rose against the greenback to trade ta 1.3172. Also, it rose against EUR where EURGBP fell to 0.8779 at 17:00 GMT.
French shares were also higher today where the primary French index CAC40 added 0.18 percent or 9.66 points to close Tuesday’s trading session in the green territory at 5,503.29 helped by the gains in Industrials, Utilities and Consumer Non-Cyclicals sectors.
Looking at individual stocks, French bank BNP Paribas posted forecast-beating third-quarter earnings shortly before the opening bell with net profit seeing an 8 percent rise from the same period last year. Its shares were trading around 3.2 percent lower after the lender said group revenues had fallen year-on-year.
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