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European markets close higher as risk-on trade continues


Wednesday, 6 November 2019 00:21 WIB

Saham Eropa


European markets edged higher on Tuesday as investors await updates on a potential U.S.-China trade tariff rollback and monitor economic developments.

The pan-European Stoxx 600 climbed 0.20% to 404.23 by the closing bell, with basic resources jumping over 1.9% while utilities stocks fell around 0.8% to lead sectoral losses.

In terms of individual stocks, earnings remained in focus as Pandora shares plunged 17.6% after the Danish jeweler swung to an unexpected net loss in the third quarter and cut its revenue guidance, hit by weak consumer demand and political turmoil in Hong Kong.

Siemens Gamesa shares tumbled 8.1% after the wind energy company cut its 2020 guidance and postponed its profitability targets by two years.

Swiss travel retailer Dufry jumped out to a 6.8% gain to lead the Stoxx 600 after beating third-quarter profit expectations.

Source: CNBC


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