(RTTNews) – European stocks rose on Friday, as investors assimilated a series of earnings reports and combined knowledge of the region’s GDP.
The pan-European Stoxx 600 rose 0. 1% to 439. 26 after falling 0. 3% on Thursday. Germany’s DAX rose partly to% and the UK’s FTSE 100 added 0. 3%, while France’s CAC 40 index was higher.
Tobacco company Swedish Match lost 2% despite a significant increase in net profit in the first quarter.
Italian power company ENI fell by 1. 2%. The company said oil production in the first quarter fell to 1. 70 million barrels of oil consistently with the day, below 1. 79 million boe/d last year.
French aerospace company Safran won 2. 3 after maintaining its year-round forecast.
Lender BNP Paribas fell by 1. 2% despite a better-than-expected profit, aided by declining provisions for pandemic-like uncobrable debts and an uptick in fair trade.
AstraZeneca earned 3. 3% in pharmaceutical Londres. La said it had generated $275 million in profits from its non-profit Covid-19 vaccine in the first quarter.
Hikma Pharma rose 1. 6% after pronouncing FDA approval of the 8 mg KLOXXADO nasal spray as an emergency remedy for a known or suspected opioid overdose.
Lender Barclays fell by 4. 8% despite a quarterly profit that more than doubled.
In economic publications, euro GDP fell by 0. 6% in the first 3 months of this year, as slow vaccine deployment and ongoing blockades delayed recovery, showing new Eurostat figures.
The euro unemployment rate fell to 8. 1% in March from 8. 2% in February and more than expected to 8. 3%.
Space costs in the UK increased by 2. 1% year-on-month in April, the largest monthly accumulation since February 2004, according to knowledge published through the Nationwide Building Society. .
On an annual basis, space value inflation increased to 7. 1% from 5. 7% in March. The rate is expected to drop to 5% in April.