Connect with us
European companies ranging from oil production to auto manufacturing have been surprising analysts with Q3 earnings that have beaten estimates -- in some cases, soundly.

archive

European Stocks Hit Five-Year High on Earnings News

European companies ranging from oil production to auto manufacturing have been surprising analysts with Q3 earnings that have beaten estimates — in some cases, soundly.

European Stocks Hit Five-Year High on Earnings News (Bloomberg)

European companies ranging from oil production to auto manufacturing have been surprising analysts with Q3 earnings that have beaten estimates — in some cases, soundly. And, those companies share prices have received a nice boost as a result.  Investors in Eni SpA (ENI), a leading gauge of oil company performance, saw their shares rise 3.2 percent, while Volkswagen AG investors were rewarded with a 4 percent climb. Overall, the Stoxx Europe 600 Index has advanced 3.8 percent in October alone. According to Francois Savary, chief investment officer at Reyl & Cie. in Geneva, ??People are buying equities because of future expectations.? Not quite the sort of incisive analysis that one should bet the farm on, but it does bolster the opinion that European companies are mounting a comeback.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

Google Anti-Conservative Political Bias Google Anti-Conservative Political Bias

Google Admits It Wants to ‘Prevent The Next Trump Situation’

TECH

Kavanaugh 2.0? Trump’s Rape Accuser E. Jean Carroll Should Face Tougher Questions.

CULTURE

Drag Queen Reading Hour Can Be Stopped.

CULTURE

Trump Didn’t Start the Fire: Iran Has Craved War for Decades.

FOREIGN AFFAIRS

archive

European Stocks Hit Five-Year High on Earnings News

European Stocks Hit Five-Year High on Earnings News (Bloomberg)

European companies ranging from oil production to auto manufacturing have been surprising analysts with Q3 earnings that have beaten estimates — in some cases, soundly. And, those companies share prices have received a nice boost as a result.  Investors in Eni SpA (ENI), a leading gauge of oil company performance, saw their shares rise 3.2 percent, while Volkswagen AG investors were rewarded with a 4 percent climb. Overall, the Stoxx Europe 600 Index has advanced 3.8 percent in October alone. According to Francois Savary, chief investment officer at Reyl & Cie. in Geneva, “People are buying equities because of future expectations.” Not quite the sort of incisive analysis that one should bet the farm on, but it does bolster the opinion that European companies are mounting a comeback.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Google Anti-Conservative Political Bias Google Anti-Conservative Political Bias

Google Admits It Wants to ‘Prevent The Next Trump Situation’

TECH

Kavanaugh 2.0? Trump’s Rape Accuser E. Jean Carroll Should Face Tougher Questions.

CULTURE

Drag Queen Reading Hour Can Be Stopped.

CULTURE

Trump Didn’t Start the Fire: Iran Has Craved War for Decades.

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter