Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Unilever, Nokia earnings push European shares towards record high

Published 29/04/2021, 09:07
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt
NOKIA
-
RDSa
-
ULVR
-
STOXX
-

(Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve's pledge to stick to loose monetary policy.

The pan-European STOXX 600 index rose 0.4% by 0713 GMT, trading just about 3 points below its record peak.

Consumer goods giant Unilever (LON:ULVR) rose 3.2% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme up to 3 billion euros ($3.6 billion).

Finnish telecom network equipment maker Nokia (HE:NOKIA) surged 13.7% as growth in sales of network and 5G equipment boosted its quarterly earnings.

Among oil majors, UK's Royal Dutch Shell (LON:RDSa) gained 1.6% after it raised its dividend by 4% following a strong quarter, while France's Total was up 1.4% after it reported first-quarter earnings close to pre-pandemic levels.

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt

French planemaker Airbus added 3.0% after it posted higher quarterly core earnings.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.