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European stocks rose in a narrow but widespread lead on Thursday, as expectations build for a stronger economy after US President Joe Biden’s first full day.
Up to eight of the last 11 trading days, the Stoxx Europe 600 SXXP,
rose 0.3%, even as the UK FTSE 100 UKX,
and French CAC 40 PX1,
decreases.
After new records for the S&P 500 SPX,
and Nasdaq Composite COMP,
ES00 US equity futures contracts,
a bit higher.
Biden’s first day in office, including signing a series of executive orders, as he aims to get his $ 1.9 trillion fiscal stimulus proposal through a U.S. Senate where the deputy President Kamala Harris is the deciding vote. The first signs of the earnings season are also encouraging.
Markets are not expecting any changes from the European Central Bank’s decision scheduled for 7.45 a.m. ET, with attention turning to the press conference with ECB President Christine Lagarde.
Actions in the spotlight, Sage Group SGE,
the British accounting software company, rose 5%, after reiterating its forecast for the full year and saying recurring revenue for the first fiscal quarter rose 4.7%.
With ROSE rose,
Also rose 5%, with the Swiss-based mail order pharmacy and medicine wholesaler saying fourth-quarter revenue jumped 24%.
IG IGG Group,
fell 2%, after agreeing to buy TastyTrade for $ 1 billion in order to expand in the US options and futures market, which he says is larger than contracts for difference markets, European currencies and Turbo options from the rest of the world combined.
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