Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.
Bank of America and Morgan Stanley are due to report earnings. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The drop in Apple shares Thursday broke a three-day winning streak for the S&P, despite big banks posting upbeat earnings.
Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Of the 28 companies in the S&P 500 that have reported fourth-quarter earnings, 82.1% have exceeded estimates, according to LSEG data.
This earnings season, strategists at JPMorgan Chase expect US firms to significantly outpace their European counterparts in terms of profit growth. European stocks had one of the worst years versus Wall Street in 2024.
Europe’s Stoxx 600 index hit a record high for the first time since September, as investors grew optimistic that the harshest of threatened US tariffs may not be implemented.
IPC Indice de Precios Y Cotizaciones 50,158.90 218.01 0.44%
As US president Donald Trump storms ahead with his policy agenda to kick off his return to office, it is worth considering what his second term will mean for your investments. Trump signed a slew of executive orders and actions following his inauguration on Monday.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
There is no Morningstar’s Analysis data available.
Before markets open, start your day smart. Get essential news and analysis with CNN Business' daily newsletter.