{"id":52801,"date":"2024-11-14T09:47:41","date_gmt":"2024-11-14T09:47:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/11\/14\/european-shares-advance-ahead-of-growth-data\/"},"modified":"2024-11-14T09:47:41","modified_gmt":"2024-11-14T09:47:41","slug":"european-shares-advance-ahead-of-growth-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/11\/14\/european-shares-advance-ahead-of-growth-data\/","title":{"rendered":"European Shares Advance Ahead Of Growth Data"},"content":{"rendered":"
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European stocks traded higher on Thursday, with underlying sentiment supported by positive corporate and earnings news. <\/p>\n

On a busy day of economic calendar, investors await the release of the eurozone’s second estimate for gross domestic product growth and third-quarter flash employment data later in the day. <\/p>\n

Minutes from the European Central Bank’s (ECB) October policy meeting may also garner investor attention. <\/p>\n

The pan European STOXX 600 rose half a percent to 504.13 after closing 0.1 percent lower on Wednesday. <\/p>\n

The German DAX rallied 1.2 percent, France’s CAC 40 rose 0.7 percent and the U.K.’s FTSE 100 was marginally higher. <\/p>\n

Monte dei Paschi di Siena jumped 12 percent after the Italian government sold a 15 percent stake in the bank to rival Banco BPM. Shares of the latter were up 4.7 percent. <\/p>\n

Dutch chip equipment maker ASML rallied nearly 5 percent after saying it expects sales to grow by 8 percent to 14 percent over the coming five years.<\/p>\n

Burberry shares jumped nearly 15 percent in London after new CEO of the fashion brand, Joshua Schulman, pledged to “stabilize the business<\/span>” with a turnaround plan.<\/p>\n

Insurer Aviva surged 4 percent after a strong Q3 update, showing continued growth across various business lines.<\/p>\n

Premier Foods added 1.6 percent after reporting higher first-half revenues and profits as consumers switched back to brands.<\/p>\n

Alstom rose climbed over 4 percent. The French train maker beat expectations for its half-year cash position, helped by increased volumes and cost saving initiatives.<\/p>\n

SCOR SE jumped 8.7 percent. The reinsurer reported a group net loss in Q3 2024, but its P&C segment saw a very strong performance, with a combined ratio of 88.3 percent.<\/p>\n

Deutsche Telekom gained 3 percent after the German telecoms group beat third-quarter profit expectations and raised its full-year core profit guidance.<\/p>\n

Engineering group Siemens soared almost 9 percent after Q4 earnings topped expectations. <\/p>\n<\/p>\n<\/div>\n