European shares climb on strong corporate earnings

By Aya El Sayed On Jan 16, 2025

European shares advanced on Thursday, driven by robust corporate earnings. The pan-European STOXX 600 index climbed 1.34 per cent as of 7:50 AM ET (12:50 PM GMT), buoyed by strong quarterly results from major companies.

Germany’s DAX edged up 0.10 per cent, supported by positive inflation data, while France’s CAC 40 surged 2.0 per cent. Meanwhile, Spain’s IBEX 35 slipped 0.47 per cent, contrasting with the UK’s FTSE 100, which gained 0.63 per cent.

The mixed performance highlights regional economic variances, with corporate earnings playing a significant role in market dynamics.

Attribution: Investing.com, Amwal Al Ghad English

Subediting: M. S. Salama

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