European stocks rise past two-week highs on earnings optimism



* STOXX 600 on course for weekly gains

* Chip stocks boosted by TSMC results

* Publicis up on outlook hike (New throughout, updates prices, market activity and comments to close)

By Sruthi Shankar and Susan Mathew

Oct 14 (Reuters) - European stocks rose on Thursday, hitting the highest in more than two weeks as investors bet a steady economic recovery from the pandemic-induced slump will support corporate earnings despite signs of elevated inflation.

Mining shares jumped 3.3% .SXPP , their biggest daily gain in three months, technology stocks .SX8P rallied again and the pan-European STOXX 600 index .STOXX rose 1.2%.

European chipmakers, including ASML ASML.AS , Infineon IFXGn.DE and BE Semiconductor BESI.AS , were among the top gainers in the tech sector after Taiwan chip giant TSMC 2330.TW posted a 13.8% jump in third-quarter profit due to booming demand for semiconductors.

China's factory gate inflation rose in September to a record high on soaring commodity prices. Many still hope inflation will be transitory, but supply chain disruptions, a global energy crisis and labour shortages have fuelled concerns that central banks could raise interest rates sooner, accelerating plans for a gradual exit from the pandemic-era stimulus.

"Equity markets appear to have shaken off their caution of recent weeks," said Chris Beauchamp, chief market analyst at IG. Upbeat results from Wall Street banks, big European names such as LVMH and SAP, as well as TSMC reinforced the view of a global economy still moving in the right direction, albeit at a slower place, he said.

"Having dropped back in an orderly fashion into earnings season, it seems stock markets have now reached a level at which investors are once again happy about buying the dip..."

Optimism around the earnings has seen the STOXX 600 narrow the gap to its all-time highs to 2%.

Analysts expect third-quarter profit for STOXX 600 companies to climb 46.7% from a year ago, according to Refinitiv IBES data, with energy companies enjoying the biggest revisions.

Among individual stocks, French advertising group Publicis PUBP.PA gained 2.7% after it raised its outlook for 2021 as a global shift towards digital media and e-commence helped third-quarter organic growth exceed market expectations. British rival WPP WPP.L rose 0.5%.

Danish food ingredients maker Chr Hansen CHRH.CO dropped 6.7% after fourth-quarter profit cam in below estimates.

SAP SAPG.DE gained 2.9%, the biggest boost to the tech sector, after the German software firm's shares jumped nearly 4% in the previous session following a strong quarterly report.

The biggest drag on the STOXX 600 was AstraZeneca AZN.L , down 0.5%. Europe's drug regulator said it had started a real-time review of the drugmaker's antibody-based COVID-19 therapy.



STOXX 600 and some select sub-indices Link



Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj
Kalluvila, Amy Caren Daniel and David Gregorio

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。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明