(RTTNews) – European stocks rallied on Wednesday as battered tech stocks rallied after ASML Holding raised its monetary targets.
In economic statements, the European Commission said its economic sentiment indicator, a general measure of customer confidence, rose to 117. 8 in September from 117. 6 in August, beating forecasts through a slight decline.
Elsewhere, store costs in the UK fell at a slower rate in September, according to knowledge published through the British Retail Consortium.
The store value index fell 0. 5% on an annual basis in September after falling 0. 8% in August.
Germany’s DAX index and France’s CAC 40 index rose about 1 percent, while Britain’s FTSE rose 0. 9 percent.
Drugmaker AstraZeneca rose 2. 4 percent. The company said its newly acquired Alexion department will buy the remaining stake in Caelum Biosciences in a deal that could be worth up to $500 million.
Clothing store Next added 2. 4 percent. The company reported pre-tax profit for the first part of fiscal 2022 and raised its full-year earnings outlook for the fourth time in six months.
Royal Mail plunged 5. 7% after UBS downgraded inventory from “sell” to “buy. “
Air France KLM shares fell 2. 4% against Paris. The airline is starting to see some recovery in business on domestic routes, but the premium remains well below pre-crisis levels, Chief Executive Anne Rigail said in a speech in a rite marking the arrival of the former. of 60 Airbus A220-300 aircraft.
SHARES of the GEA Group rose 3. 2% after the German food industry systems provider unveiled its “Mission 26” strategy in London as part of its Capital Markets Day.