European shares and US equity futures rise on stimulus expectations and Chinese growth figures

European stocks and US equity futures climbed to start a new week, based on hopes for a US stimulus package and after Chinese growth data showed the economy continues to recover from the COVID-19 epidemic.

Trading was interrupted by a glitch at Euronext, which tweeted that a technical problem had halted trading in all products, and that it was working to resolve the problem. Trade was affected in Paris, where the French CAAC 40 FR: PX1 was 0.8% ahead of the halt, as well as trade in Belgium, Portugal, Ireland and the Netherlands.

Stoxx Europe 600 Index SXXP,
+ 0.47%
0.8% decline for the previous week and German DAX up 0.5% to 369, after DAX
+ 0.19%
Rose 0.3%.

+ 0.04%
Was flat UK shares struggled as the pound GBPUSD,
+ 0.70%
Renewed power was found on Monday, rising 0.7% to $ 1.3000. The pound downgraded the rating for the UK from the Moody’s rating agency, raising concerns over the economic crisis on the economy and fears of a ‘no-deal’ Brexit.

Some attributed the rise of the pound to senior British MP Michael Gov, who said on Sunday that Brexit talks with the European Union were “still ajar”, with Prime Minister Boris Johnson saying Friday that trade talks continue unabated Will remain. Change in status from single-currency zone.

Dow Futures YM00,
+ 0.73%
With the S&P 500 ES00, climbed 0.8% or more than 200 points.
+ 0.83%
And Nasdaq-100 futures NQ00,
+ 1.08%
Wall Street’s equities were up nearly 1% after closing on Friday and posted gains for the week.

House Speaker Nancy Pelosi on Saturday set a 48-hour deadline for the White House to reach an agreement with Democrats to agree an incentive package before the presidential election. She said she was “optimistic” on an agreement after discussing it with Treasury Secretary Steven Menuchin on Saturday.

“The market, for now, is only relieved that at least both sides continue to talk. Nor are they concerned that U.S. Senate Republicans are unlikely to pass a major stimulus bill, as they would in the elections Look for some clear air between myself and the president, “said Jeffrey Haley, senior market analyst at Onda. Pay attention to customers.

Many view coronovirus cases as significant packages with a buildup in the third wave. Since July, 70,000 new cases were reported on Friday.

Read: The ‘deepest’ period of coronovirus pandemic is yet to come, top infectious disease warning

Investors will hear from several central bankers on Monday, including Jerome Powell, chairman of the Federal Reserve, and Christine Lagarde, president of the European Central Bank.

Data from China showed that the economy grew 4.9% in the third quarter. Due to a lack of expectations, China’s growth is now in line with forecasts made at the beginning of the year before the deadly epidemic began around the world.

This is in contrast to Europe, where “the latest round of COVID-19 threatens curfew, which threatens to derail any kind of temporary economic progress,” in a note to clients about interactive investor markets. Chief Richard Hunter said. Meanwhile, the US reported 70,000 new cases on Friday since July.

A busy income week closed Monday with results from several European companies.

Julius Baer Baer shares,
+ 5.30%
The Swiss private banking group reported rising assets under management and gross margins, after which Jefferies analysts climbed about 5%, more strongly than expected. The company said that the 2020 results would be affected by the harmony loss, due to its Italian assets and wealth company.

Philips PHIA,
+ 2.86%

+ 3.76%
Reports that third quarter net profit exceeded expectations. The Dutch medical-technology group said the company was targeting accelerated sales growth and higher profitability over the period 2021-2025. Shares moved around 3% from the trading halt.

Group danne bn,
+ 1.38%
There are fewer third-quarter sales reports that fall below analyst expectations. But the food giants restored guidance for a full year and reviewed a broader organizational and portfolio. Danone’s stock rose 2.4% from the trading halt.

On the decline in the shares of SAAB SAAB.B,
Operating profit declined 7.5% after the Swedish defense group reported a decline in operating profit for the third quarter. “Due to the currently ongoing recovery and draw-out recovery, SAAB now sees increased risk due to the effects of COVID-19,” said Michael Johansson.


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