European stocks rise as earnings lift sentiment ahead of Fed



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* UK airlines shine

* Europe Inc Q2 profit growth estimates revised higher

* Investors wait for Fed decision

By Sruthi Shankar and Shreyashi Sanyal

July 28 (Reuters) - European stocks gained on Wednesday as encouraging earnings reports from British bank Barclays and luxury group Kering helped investors look past worries about China's regulatory crackdown that kept markets on edge this week.

The pan-European STOXX 600 index .STOXX rose 0.7% after two sessions of declines.

Barclays BARC.L jumped 2.0% as it announced resumption of shareholder payouts after beating first-half profit expectations, while German lender Deutsche Bank DBKGn.DE edged up after it delivered a better-than-expected quarterly profit.

The tech sector was propped up by a 3.8% rise in Capgemini CAPP.PA after the French consulting and IT services provider raised its 2021 outlook.

French luxury group Kering PRTP.PA rose 3.6% as second-quarter sales nearly doubled, with its star fashion label Gucci accelerating sharply.

Analysts expect companies listed on the STOXX 600 to report profit growth of 120.8% in the second quarter versus 115.2% forecast last week, a Refinitiv IBES estimate found.

"The underlying foundations for the market remain as they were. We've got good companies producing better earnings," said David Miller, investment director at Quilter Cheviot Investment Management.

"Ratings are certainly higher than they were, but they're being backed up by earnings growth, and central banks continue to be supportive."

European stock markets outpaced Wall Street's benchmark S&P 500 index .SPX on Wednesday ahead of the U.S. Federal Reserve's policy decision later in the day, with investors waiting for any clues on the timing of tapering as policymakers face spiking inflation in the world's largest economy.

"It is unlikely to be a particularly exciting FOMC meeting, but there may be hints regarding the process of tapering of asset purchases," said Chris Beauchamp, chief market analyst at IG.

Wizz Air WIZZ.L jumped 8.0% after the Hungarian airline forecast capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August.

Other airlines, including easyJet EZJ.L and British Airways-operator IAG ICAG.L , also gained on Britain's decision to exempt double-vaccinated visitors from the European Union and the United States from quarantine.

In deal-making, Adecco Group ADEN.S tumbled 7.9% as it said it agreed to buy AKKA Technologies AKA.PA in a deal worth 2 billion euros ($2.4 billion), the biggest deal in the Swiss staffing company's 25-year history.

Telecom Italia TLIT.MI edged 0.3% higher on saying it may seek investors for its cloud and wholesale undersea cable businesses as it looks to extract value from its assets.



STOXX v SPX Link



Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru;
Editing by Sriraj Kalluvila and Barbara Lewis

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明