European stock market: continued growth, looking at strong business outlook

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The European stock market continued to grow and closed. European luxury brands Pandora and Denmar The outlook for the closing season is bright due to the strong performance outlook of Novo Nordisk, a pharmaceutical company It became. Investors are also paying attention to additional US support measures. The STOXX Europe 600 species rose 2.11% on a weekly basis, growing for the second straight week. next month Expectations for US economic stimulus measures have increased as the view that the Democratic Party of Japan will win in the US presidential election has increased. Stock prices have risen globally this week. Pandora soared 17.2%. In addition to strong sales, online business The strong growth raised the profit outlook. Novo Nordisk is 3.3% higher. Forecast of sales and operating income in 2020 I pulled up the lion. Companies recover from the crisis of the new coronavirus, according to Refinitiv data In the meantime, corporate profits of STOXX Europe 600 constituents fell 38% in the third quarter, the first It is expected to decrease by 22.7% in the April quarter. Alastair George, Head of Strategy at Edison Investment Research “If severe blockade measures are avoided, stock prices will be boosted by ultra-easy policies and economic stimulus measures in each country. It will continue to rise. ” The number of new cases of new corona infection in Europe exceeded 100,000 for the first time on the 8th. In Russia and the UK Has been experiencing a surge in infected people for the last five days.

Source Reuters

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