Economy

European stocks and US stock futures are rising as US stimulus beliefs remain alive

An employee serves a customer on the terrace of a restaurant in Marseille, southeastern France, on October 5, 2020

nicolas tucat / Agence France-Presse / Getty Images

European stocks and U.S. stock futures traded higher on Friday as investors kept alive hopes for a US stimulus deal at the end of a favorable week for markets.

Stokes Europe 600 Index SXXP,
+ 0.28%
Is up 0.4% and is up 1.5% for the week, and there is a session to go. German DAX DAX,
-0.00%
Flat, while the French CAC 40×1,
+ 0.38%
And FTSE 100 UKX,
+ 0.67%
Each rose 0.4%.

US stock futures ES00,
+ 0.44%

NQ00,
+ 0.29%
Dove rose across the board, with the future YM00,
+ 0.43%
More than 100 points. Key codes Thursday was heavily closed, Worries about the outcome of a competitive election and the hope of believing in a stimulus package, although it did not come after that battle for the White House.

President Donald Trump said Thursday that stimulus talks with Democrats Have produced, Following his decision a few days ago to stop them. A few hours later, the speaker of the House, Nancy Pelosi, said She wanted one more big thing.

Elsewhere, it showed a private measure of China’s services-sector performance Faster than expected In September. Large consumers of natural resources are more likely to have mining stocks realizing the news about China. Anglo American UK shares: Allrose up 2% and Fresnello UK: FRES up 2.2%.

Economic news is less positive for the UK, where The economy grew by just 2.1% in August, Disappointing forecasts for 4.6% growth and slower monthly gains from early corona virus locks. A statement from France The pace of industrial production is slowing In August.

Rising oil prices have lifted shares of overweight oil companies. Oil prices CL.1,
-1.14%

BRN00,
-0.94%
More than 90% of crude production in the Gulf of Mexico soared on Thursday as Delta hurricane forced it to stop. Crude prices were flat on Friday.

Shares of total TOT,
+ 1.04%,
Royal Dutch Shell RDSA,
+ 1.90%
And bb bb,
+ 1.83%
All rose by more than 1%.

Semiconductor Related Shares NXP Semiconductors NXBI,
+ 0.92%
Gathered in the United States late Thursday. Chip maker Raised its view on the quarter.

And advanced micro devices AMD,
-0.20%
Advanced negotiations are underway to acquire rival chip maker Jillinks in a deal worth more than $ 30 billion. The Wall Street Journal reports, Quoting those who are well versed in the subject.

Shares of Infinite Technologies IFX in Europe,
+ 2.38%
1.6% higher and Dialog Semiconductor DLG.
-0.37%
1.6% higher.

Rolls Royce Holdings RR,
+ 21.01%
Again it has risen by 13%. The shares have gained 95% this week, but are down 67% to date.

London Stock Exchange LSE,
+ 0.31%
Porsche has agreed to sell its entire shareholding to Euronext ENX, the parent company of Italy.
-4.48%
A The deal is worth 4.33 billion euros ($ 5.09 billion).. LSE shares rose 0.8%, while Euronext shares rose 0.9%.

Thelma Binder

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