Stocks listed in Europe closed high on Monday. This is because investors monitored the impact of the potential US government closures later in the week.
Pan-European Stoxx 600 Provisionally it was about 0.34%, with most sectors and major bruss in positive territory.
Luftansa It cut its previous profits and slightly surpassed the session after saying its free cash flow would exceed 2.5 billion euros ($2.93 billion) a year. We set a revenue target of 8% to 10% over the next two years on the first capital markets in six years.
The airline group also said it would cut 4,000 jobs (the role of management, primarily based in Germany) through digitalization and automation by 2030, and would invest 600 million euros in the freight hub at Frankfurt Airport.
Pharmaceutical strains have advanced along with Belgium UCB After occupying 16.7% after Bimzelx’s skin treatment, he was better than his rivals in the Phase 3 trial.
GSK The British drugmaker ended 2.3% after saying Luke Meals would replace Emma Walmsley as CEO when the latter resigned in December. AstraZeneca After listing New York stocks, he said it would remain in the London market, then added 0.8%.
Meanwhile, Danish biotech company Genmab has dropped by about 0.5% after it announced plans to acquire Utrecht-based cancer drug maker Merus in a deal worth $8 billion.
Spain’s inflation rate accelerated to 3% in September, up from 2.7% in August. The EU economic sentiment indicator will also be released on Monday.
The state’s S&P 500 Rose climbed 0.3% as Wall Street tried to regain its footing a week after losing steam. The NASDAQ composite was 0.6% ahead, with the Dow Jones Industrial Average being traded mainly on the Flatline.
US President Donald Trump will meet Democrats and Republican representatives in Congress later that day with the aim of raising government funds and avoiding shutdowns.
In the UK, the annual meeting of the ruling Labour Party began in Liverpool this week, with Rachel Reeves’ keynote speech being suspended by Heckler on Monday afternoon.
In Asia, the market traded widely, with Sony’s financial group rising 36% after spinning out of its pro-Sony group.
– CNBC’s Lee Ying Shan & Sam Meredith contributed to this article.
