UPDATE 2-European stocks mark best week in seven months

update 2 european stocks mark best week in seven months

Sumary of UPDATE 2-European stocks mark best week in seven months:

  • rises 2.6% on the weekBanks rally, cheered by stellar results for Wall Street peersHugo Boss boosted by forecast liftRio Tinto slips on production cutOct 15 (Reuters) – European stocks marked their best weekly performance in seven months on Friday, as a bright start to the earnings season helped ease investor concerns about higher inflation.
  • read more European banks recovered all their pandemic losses to trade at pre-pandemic levels on Friday, while U.S. banks (.
  • Euro zone banks have lagged U.S. by a wide marginEuropean earnings kick into high gear in the next few weeks, with analysts expecting a near 47% jump in third-quarter profit for companies listed on STOXX 600, as per Refinitiv IBES data.
  • Europe’s inflation upswing is still seen as temporary and there are no signs yet that the recent surge is becoming embedded in wages, European Central Bank President Christine Lagarde said on Thursday.
  • read more French cloud computing services company OVHCloud (OVH.

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