iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

EUROPE Stocks climb on upbeat industrial output data

14 Nov 2022 , 07:59 PM

European stock markets were trading in positive territory around afternoon on Monday, 14 November 2022, as risk sentiments underpinned after Euro zone industrial output came in much stronger than expected in September. Meanwhile sentiments toward risk assets underpinned after reports that Beijing would introduce number of additional measures to support the real estate markets recovery and the Covid-hit economy. At 14:10 GMT, the pan European Stoxx 600 index added 0.38%, or 1.64 points, to 433.90. Germanys DAX index rose 0.64%, or 90.72 points, to 14,315.58 Frances CAC 40 index added 0.44%, or 28.84 points, to 6,623.46. The U.K.s FTSE 100 index added 0.8%, or 57.18 points, to 7,375.22. Switzerlands Swiss Market index fell 0.74%, or 81.79 points, to 11,045.36. Shares of Informa Inc climbed up after British events organiser upgraded its 2022 guidance, on Monday, encouraged by a recovery in demand for physical events and its subscription services. The company now expects adjusted operating profit for the year to be about 490 million pounds to 505 million pounds, from 470 million pounds to 490 million pounds it forecast earlier. Informa also raised its annual revenue guidance to the range of 2.30 billion pounds to 2.35 billion pounds, from 2.15 billion pounds to 2.25 million pounds. Roche shares were lower after the Swiss pharmaceutical companys Alzheimers drug candidate failed two long-awaited trials. Roche said in a statement on Monday that twin studies known as Graduate 1 and 2 had not reached their main goal of showing that the drug gantenerumab could preserve abilities such as remembering, solving problems, orientation and personal care in patients suffering from early stages of Alzheimers disease. ECONOMIC NEWS: Euro-area industrial production rose by 0.9% in September from the previous month and 4.9% from a year earlier, according to the European Unions statistics office Eurostat data released on Monday. The data for August was revised upwards to a rise of 2% on the month and 2.8% year-on-year from 1.5% monthly and 2.5% year-on-year previously.Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.