European stocks rise on upbeat forecasts from Pandora, Novo Nordisk

  • Reuters
  • Stock Market News
European stocks rise on upbeat forecasts from Pandora, Novo Nordisk
Credit: © Reuters.

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Oct 9 (Reuters) - European stock markets gained on Friday on rosy earnings forecasts from retailers Pandora and Zalando as well as drugmaker Novo Nordisk , with investors keeping an eye out for signs of fresh U.S. stimulus.

Danish jewellery maker Pandora PNDORA.CO jumped 10.6% and German online fashion company Zalando ZALG.DE rose 3.7% after raising their outlook for 2020 on the back of a strong third quarter. pharma company Novo Nordisk NOVOb.CO gained 3.2% after it raised its 2020 sales and operating outlook. broader STOXX 600 index .STOXX rose 0.4% by 0713 GMT, led by miners .SXPP and oil companies .SXEP as commodity prices rose. The index was on course to record its second straight week of gains. MET/L O/R

U.S. President Donald Trump said in an interview with Fox News that talks with Congress have restarted over further COVID-19 relief and that there was a good chance a deal could be reached. But he gave no other details about a possible agreement.

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