European equities close for the 6th day in a row at a record high

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European equities closed at a record high on Wednesday (17), rising for the sixth session in a row, as some positive corporate balance sheets helped to overshadow concerns that the jump in natural gas prices is fueling inflationary pressures.

The FTSEurofirst 300 index rose 0.22% to 1,898 points, while the pan-European STOXX 600 index gained 0.17% to 490 points, after better-than-expected US retail sales data lifted Wall Street on Tuesday.

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Profits for companies listed on the STOXX 600 are expected to rise by 60.4% in the third quarter to €103.6 billion from a year earlier, Refinitiv’s latest figures show, down from an estimated 60.7 % from last week.

German medical technology company Siemens Healthineers gained 5.6% after raising synergy targets for its acquisition of Varian this year.

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Data showed that eurozone inflation jumped to more than twice the European Central Bank’s target in October, with more than half the increase due to energy prices.

  • In London, the Financial Times index retreated 0.49%, to 7,291 points.
  • In Frankfurt, the DAX index rose 0.02% to 16,251 points.
  • In Paris, the CAC-40 index gained 0.06% to 7,156 points.
  • In Mião, the Ftse/Mib index appreciated 0.07%, to 27,824 points.
  • In Madrid, the Ibex-35 index dropped 0.52% to 8,993 points.
  • In Lisbon, the PSI20 index gained 0.38% to 5,675 points.

Reference: CNN Brasil

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