Rise in European stock markets

May 6, 2021 0 Comments

European stocks rose today at the start of trading, remaining close to record highs, with encouraging corporate results boosting the market climate.

The pan-European STOXX 600 index rose 0.2% at 10:16 Greek time, with shares of food and beverage, utility and telecommunications companies recording the biggest gains.

Anheuser-Busch InBev brewery rose 3.4% after announcing better-than-expected earnings for the first quarter.

Shares of UniCredit, Italy’s second-largest bank, jumped 4.5 percent, while French bank Societe Generale rose 6.1 percent after announcing better-than-expected quarterly profits.

The broader banking sector of the Eurozone recorded a rise of 1.0% to a new 14-month high.

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