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.

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.

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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