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Abstract:European stocks closed higher on Thursday as the mood remained positive thanks to some encouraging earnings updates and expectations of a milder-than-expected recession. European markets added some side, as most traders and investors weighed up the economic outlook.
European stocks closed higher on Thursday as the mood remained positive thanks to some encouraging earnings updates and expectations of a milder-than-expected recession. European markets added some side, as most traders and investors weighed up the economic outlook.
European stocks jumped for a third session as investors weighed corporate earnings.
The German DAX surged 1.14%, the French CAC-40 gained 1.14% and FTSE- 100 rallied 0.64%.European shares jumped to a fresh nine- month peak.
The Stoxx-600 added 0.7% just after European markets opened, with most sectors and major bourses into a higher ground.
Siemens boosted its sales and profit outlook for the rest of the year following a massive start to 2023.
Revenue for the first quarter increased 10% year on year to 18.1 billion euros ($19.44 billion).
Credit Suisse announced a fourth-quarter and annual net loss that came below forecasts, as the Swiss bank continued with its huge strategic overhaul.
The company's fourth- quarter net retreat attributable to shareholders came in at 1.4 billion Swiss francs ($1.51 billion), coming below initial stimates.
European markets (Paris stock exchange) opens at 9:00 a.m. and closes at 5:30 p.m., local time, with no lunch period. The Swiss Exchange opens at 9:00 a.m. and closes at 5:30 p.m. (Local time), and it has no lunch period.
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