Aerial view of the Shard in London, England, June 28, 2012.
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LONDON — European stock markets started the new week and month on a strong note ahead of a busy week of central bank decisions and financial results.
pan-european Stocks 600 The stock was up 0.4% as of 8:58 a.m. ET in London. british FTSE Germany’s index rose more than 0.2% dachshund It rose by 0.8%. french CAC40 Italy rose 0.2%. FTSE MIB It was up 0.7%.
This week’s earnings started with ryanair It reported profit after tax of 1.72 billion euros ($1.98 billion) in the second quarter and 2.54 billion euros in the first half, an increase of 42% and in line with analyst expectations. The company also reported first-half sales of 9.82 billion euros, an increase of 13%. Ryanair’s share price was last seen down about 2%.
European automakers led the early rally; renault Shares rose 3.9% in morning trading after the French automaker’s chief growth officer, Fabrice Cambolieve, said the company wanted to partner with more global manufacturers to make and sell vehicles following a deal with a Chinese company. geely.
Other automakers with gains on Monday included Mercedes-Benz, which rose 3.4%. volkswagenadded almost 3%. porsche It rose by 2.4%. Overall, the Stoxx600 Automotive and Parts Index rose nearly 2%.
blood pressure It rose 0.7% on Monday morning after the oil and gas multinational announced it would sell some U.S. onshore midstream assets in the Permian and Eagle Ford basins. Sixth StreetFor $1.5 billion.
The London-listed energy giant is scheduled to report third-quarter results on Tuesday.
Other results announced this week include: ferrari and Aramco on Tuesday. BMW and Vestas The next day, among other things. Earn money on Thursday Commerzbank, diageo, line metal, AstraZeneca And the latest results from Richemont are expected on Friday.
The Riksbank is expected to announce its latest interest rate decisions on Wednesday. And on Thursday, the Bank of England is expected to announce its latest monetary policy decision, with economists divided on whether the central bank will keep interest rates unchanged or lower them. Deutsche Bundesbank will also release its latest Financial Stability Report.
US stock futures were little changed on Monday morning, with Asia-Pacific markets trading mixed.
Asian investors are assessing China’s manufacturing activity numbers following the release of RatingDog’s October Purchasing Managers Index. China’s manufacturing activity slowed to 50.6, below the 50.9 expected by economists polled by Reuters and below September’s 51.2.
China’s manufacturing activity shrank to a six-month low of 49.0 in October, according to official PMI figures released by the National Bureau of Statistics on Friday.
— CNBC’s Lim Hui Jie contributed reporting to this article.
