Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Shreyashi Sanyal"


25 mentions found


The pan-European STOXX 600 index rose 0.7% in its sixth straight session of gains and ended the week 1.1% higher, its best weekly performance since early May. Miners jumped 1.9%, lifting UK’s commodity-heavy FTSE 100 by 0.7% after data showed Britain’s economic output in April was a record 27.6% larger than a year before. Travel and leisure stocks bounced from the previous session’s drop. Spanish hotel chain Melia rose 2.0% after its chief executive forecast a return to profitability in June after 15 months in the red. Bank of America’s data showed equity funds saw tiny inflows in the week to Wednesday as investors cut positions in high-growth U.S. stocks while adding some in Europe.
Persons: “ Price, , Michael Hewson, reinsurer Scor, Covea, Sruthi Shankar, Shreyashi Sanyal, Subhranshu Sahu Organizations: Miners, European Central Bank, ECB, BCA Research, British Airways, CMC Markets, London . Bank of Locations: Europe, London ., Bengaluru
The European Central Bank kept stimulus taps wide open at its meeting. MSCI's index of EM currencies was flat with Brazil's real reversing early gains as attention turned to next week's central bank meeting. Mexico's peso erased early losses after a reshuffle of the central bank governor and finance minister on Wednesday, to rise 0.2%. Mexican Finance Minister Arturo Herrera was tapped on Wednesday by President Andres Manuel Lopez Obrador to lead the central bank, while economist Rogelio Ramirez de la O, a close ally, was appointed finance minister. Chile's peso edged higher after a central bank poll showed the Chilean economy surged 15.2% in May and 14.7% in the second quarter.
Persons: Susan Mathew, Shreyashi Sanyal, Pedro Castillo, Keiko Fujimori, Scott Brown, Raymond James, Jair Bolsonaro, Stocks, Arturo Herrera, Andres Manuel Lopez Obrador, Rogelio Ramirez de la, Socialist Castillo, Fujimori, Nick Macfie, Alistair Bell Organizations: Markets, Federal Reserve, European Central Bank, Mexican Finance, Citi Research, Socialist, Mexico IPC, Argentina MerVal, Colombia COLCAP, Chile Locations: Florida, Sao Paulo, Chilean, Brazil, Mexico, Chile, Argentina, Colombia, Peru, Bengaluru
(Reuters) -European stocks inched to fresh peaks on Thursday as the European Central Bank raised its recovery outlook and promised to keep ample stimulus flowing, while travel stocks fell after a recent run of gains. REUTERS/StaffThe pan-European STOXX 600 index was up just 0.1%, but at a fresh record high of 455.76 points, while the narrower index of euro zone stocks fell 0.1%. The central bank now sees 2021 euro zone economic growth at 4.6%, above the 4% projected in March. “The ECB’s main mission today was to avoid any taper talk and not harm the still tentative economic recovery or allow bond yields to surge prematurely,” said Carsten Brzeski, global head of macro at ING. “It accomplished its mission: the ECB seems to have bought some time without starting the taper talk.”Interest rate-sensitive banking stocks rose 0.4%, while tech stocks rose 0.9%.
Persons: Christine Lagarde, , Carsten Brzeski, pare Organizations: Reuters, European Central Bank, REUTERS, Staff, ECB, ING, Federal Reserve, Volkswagen, BT Group, Altice, Spotify, Apple Music Locations: Frankfurt, Germany
Vote counting after a presidential election over the weekend is almost drawing to a close with socialist Pedro Castillo leading over rival Keiko Fujimori. "We think that it could take several days until we know who won the second round presidential election." Losses for the sol currency now stand at 8% since Castillo's surprise win in the first round vote in April. Mexico's peso edged 0.2% lower, snapping a three-day winning streak but remained close to its 2021 highs hit in January. Chile's central bank late on Tuesday kept interest rates unchanged at 0.5%, in line with expectations.
Persons: Shreyashi Sanyal, Susan Mathew June, Brazil's, William Jackson, Pedro Castillo, Keiko Fujimori, Fujimori, Alberto Rojas, Jackson, Susan Mathew, Emelia Sithole, Grant McCool Organizations: Capital Economics, Citi, Credit Suisse, Central, Brazil Bovespa, Mexico IPC, Argentina MerVal 68128.53, Argentina Locations: Mexico, Brazil, Chile, Argentina, Colombia, Peru, Bengaluru
CANADA STOCKS-TSX opens lower ahead of BoC rate decision; Dollarama slides
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
June 9 (Reuters) - Canada’s main stock index opened lower on Wednesday as financial stocks declined ahead of the central bank’s interest rate decision, while Dollarama Inc fell due to a downbeat forecast. * At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 37.53 points, or 0.19%, at 20,028.39, with the financials sector slipping 0.4%. * Dollarama Inc fell 2.5% and was among the top decliners on the main index after the company said its current-quarter earnings would take a hit from fresh COVID-19 restrictions in certain Canadian provinces. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Aditya Soni)
Persons: Shreyashi Sanyal, Aditya Soni Organizations: Dollarama, Toronto Stock Locations: Bengaluru
(Reuters) -European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index closed 0.1% higher, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.9% as many European economies charted their way out of COVID-19 lockdowns. Oslo-based salmon farmer SalMar fell 5.3% to the bottom of the STOXX 600 after it completed a private placement deal.
Persons: IAG, Germany’s DAX, , Chris Beauchamp, Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Big, Rio Tinto, BHP Group, CAC, IG, U.S, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: U.S, Frankfurt, Germany, COVID, Rio, American, U.S ., , Oslo
The Mexican peso extended gains to a third straight session as the make-up of the lower house of the Congress following Sunday's elections is seen as less conducive to President Andres Manuel Lopez Obrador's agenda. "The main source of surprise in Sunday's election was (the ruling party) MORENA's low vote count, relative to pre-election polls ... Peru's sol was flat after falling another 1% earlier in the session to new lows following a presidential election on Sunday. "As per article 116 of the Peruvian constitution, the next president of Peru takes office on 28 July, 2021. Consumer stocks, Via Varejo, Lojas Americanas and Magazine Luiza were among the top gainers on Sao Paulo's Bovespa index after the data.
Persons: Susan Mathew, Shreyashi Sanyal, Andres Manuel Lopez, Pedro Castillo, Keiko Fujimori, Fujimori, it's, Castillo, Lojas, Alistair Bell, Paul Simao Organizations: Suisse, Socialist, Via Varejo, Mexico IPC, Chile, Argentina Locations: Peruvian, Mexican, Peru, Brazil, Mexico, Chile, Argentina, Colombia, Bengaluru
European shares at fresh peaks as travel, real estate stocks lead
  + stars: | 2021-06-08 | by ( Sruthi Shankar | Shreyashi Sanyal | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. The travel and leisure index rose 1.8%, supported largely by gains in low-cost carrier easyJet after Goldman Sachs upgraded the stock to “buy”. German stocks fell 0.2% after data showed industrial output fell unexpectedly in April, in a further sign that semiconductor shortages and other supply bottlenecks are hampering the recovery in Europe’s largest economy. Global markets were mixed ahead of a policy meeting of the European Central Bank and U.S. inflation data this week.
Persons: Goldman Sachs, , Andrew Kenningham, drugmaker Lonza Organizations: Reuters, REUTERS, Staff, Capital Economics, Tobacco, Times, European Central Bank, ECB, Federal Reserve, German, Lufthansa Locations: Frankfurt, Germany, Europe
(Reuters) -European stocks hit record highs on Monday as another run of gains in automakers more than offset early declines in commodity-linked shares sparked by downbeat China export data. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. REUTERS/StaffThe European automobiles and parts index rose 0.9% to reach its highest since March 2015, extending a 5.3% rally from last week. The continent-wide STOXX 600 index added 0.2%, with global investors now eyeing a European Central Bank meeting later this week. French vouchers and cards provider Edenred rose 3.6% after Deutsche Bank upgraded the stock to “buy”.
Persons: ” Carsten Brzeski, Unicredit, Jefferies Organizations: Reuters, REUTERS, Staff, European Central Bank, ECB, BlackRock, Federal Reserve, ” Miners, ING, Deutsche Bank Locations: China, Frankfurt, Germany, Iran, coronavirus,
Currencies in emerging markets were mostly subdued as the dollar climbed on stronger-than-expected U.S. jobs data that suggested an improving labor market. Mexico's peso fell 1.2%, with the weekend elections set to determine the nature of reforms in the country. Peru's sol fell 1.1% ahead of a polarized run-off between socialist candidate Pedro Castillo and Keiko Fujimori, the free-market scion of a powerful political dynasty. Colombia's peso fell further from six-week highs, down 0.2%. The Chilean peso fell after posting its best session in a month and a half on Wednesday, while Santiago stocks tumbled 4.5%.
Persons: Susan Mathew, Shreyashi Sanyal, Pedro Castillo, Keiko Fujimori, Ivan Duque, Mark Potter, Barbara Lewis Organizations: Credit Suisse, Mexico IPC, Argentina MerVal 63344.13 Locations: Brazil, Peruvian, Mexico, MORENA, Colombia, Santiago, Chile, Argentina, Peru, Bengaluru
(Reuters) -European stocks pared losses on Thursday as upbeat eurozone business growth data and strong U.S. jobs data lifted sentiment on a dull day of trading, while rating actions and ex-dividend trading knocked UK shares lower. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down 0.1% after falling as much as 0.8% earlier in the session. Construction materials group Saint-Gobain gained 4.2% after forecasting record operating income and margin in the first half of the year. Britain’s biggest telecom group BT group fell 1.9% after Deutsche Bank downgraded the stock to “sell”, saying it is overvalued.
Persons: , Jack Allen, Reynolds, “ Price, Wall, Remy Cointreau Organizations: Reuters, REUTERS, Staff, National Grid, Kingfisher, Capital Economics, BT, Deutsche Bank Locations: Frankfurt, Germany, Europe
The real was up 1.4% and the Bovespa stock index extended gains to a sixth straight session and hit an all-time high of 128,620.25. The real had rallied 1.3% on Tuesday when data showing faster-than-expected growth in the first quarter saw Goldman Sachs, BNP Paribas and Citi raise their 2021 growth forecasts above 5%. Colombia's peso rose 0.5% as oil rose, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States. Mexico's peso rose 0.4%. Mexico's Ipc index stayed at highs last seen in January 2018, while Colombia's COLCAP rose half a percent.
Persons: Susan Mathew, Shreyashi Sanyal, Goldman Sachs, Roberto Campos Neto, Pedro Castillo, Andres Manuel Lopez Obrador's, Colombia's COLCAP, David Holmes, Nick Zieminski Organizations: BNP, Citi, Regeneration, Marfrig Global Foods, Reuters, SA, Ipc, Brazil Bovespa, Mexico IPC, Argentina MerVal 62416.59, Chile, Argentina Locations: Brazil, OPEC, Iran, United States, Peru, Mexican, Mexico, Chile, Argentina, Colombia, Bengaluru
(Reuters) -European stocks stayed near record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from the United States and Europe buoyed investor sentiment in a mostly quiet day of trading. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index traded 0.3% higher, holding just below its all-time high hit in the previous session. However, investors have taken comfort from reassurances from the U.S. Federal Reserve and European Central Bank policymakers about the price rise being transitory. Danish luxury TV and stereo maker Bang & Olufsen jumped 9.6% after providing an upbeat full-year earnings forecast.
Persons: Stocks, , Chris Beauchamp, Olufsen, Rainer Beaujean Organizations: Reuters, REUTERS, Staff, , IG, U.S . Federal Reserve, European Central Bank, Generali Investments, Volvo, UD Trucks, ProsiebenSat Locations: United States, Europe, Frankfurt, Germany, U.S, Swedish,
The real touched a five-month peak. With COVID-19 cases surging and government expenditures at the risk of breaching a spending cap, investors have remained wary of Brazil markets. But rising commodity prices this year as economies reopen after coronavirus curbs have helped improve sentiment. Meanwhile, oil exporter Colombia's peso rose 1.1%, after Brent crude hit its highest since March on expectations of growing fuel demand. "This narrowing (in polls) is consistent with our view that Fujimori has room to improve in the final week," strategists at Citi Research said.
Persons: Susan Mathew, Shreyashi Sanyal, Brent, Keiko Fujimori, Pedro Castillo, Castillo, Fujimori, Brazil's Bovespa, Jonathan Oatis, Alison Williams Organizations: Colombian, Federal, Citi Research, Cosan SA, Royal Dutch Shell PLC, Brazil Bovespa, Mexico IPC, Argentina MerVal 61156.17 Locations: Brazil, Peruvian, Latam, Mexico, Chile, Argentina, Colombia, Peru, Bengaluru
The Chilean peso rose 0.2% as a strike by a union of remote operations workers at BHP's Escondida and Spence copper mines in Chile disrupted supply. On the month, however, the currency in on track to mark losses of about 1.7% with a crackdown in China in the past few weeks after the government's vow to stabilize commodity prices hit copper prices. Peru's sol fell 0.7% to 3.8348 per dollar in low volumes owing to a market holiday in United States. The Mexican peso fell 0.1% but was on course for its third straight month of gains. Among stocks, gains in Brazil's Bovespa were led by iron ore miner Vale, which tracked the steel-making ingredient's prices higher.
Persons: Susan Mathew, Shreyashi Sanyal, Escondida, Keiko Fujimori, Pedro Castillo, Fujimori, Andres Manuel Lopez, Brazil's Bovespa, Angus MacSwan Organizations: Rabobank, . Federal, UBS, Brazil Bovespa, Mexico IPC Locations: Peruvian, Chile, China, United States, Latin America, Mexico, Brazil, Brazil's, Vale, Argentina, Colombia, Peru, Bengaluru
European stocks fall from record but post fourth monthly gain
  + stars: | 2021-05-31 | by ( Sruthi Shankar | Shreyashi Sanyal | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) - European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 25, 2021. REUTERS/StaffThe pan-European index was down 0.5%, with shares in Frankfurt and Paris dropping 0.6%, each. Dovish comments from European Central Bank (ECB) policymakers, including President Christine Lagarde who said it was too early to discuss slowing its pandemic emergency bond purchases (PEPP), helped support sentiment last week. Data showed German annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to but below 2%.
Persons: Assicurazioni Generali, Christine Lagarde, , Carsten Brzeski Organizations: Reuters, REUTERS, Staff, Deutsche Bank, Wall Street Journal, U.S . Federal Reserve, European Central Bank, ING Locations: Frankfurt, Germany, Paris
The pan-European index was down 0.5%, with shares in Frankfurt and Paris dropping 0.6%, each. UK and U.S. markets were closed for a holiday, keeping trading volumes muted across the board. Despite lingering worries about rising inflation, the STOXX 600 posted a 2.1% rise in May as economies gradually reopened after lockdowns and central banks reiterated support to aid the recovery. Dovish comments from European Central Bank (ECB) policymakers, including President Christine Lagarde who said it was too early to discuss slowing its pandemic emergency bond purchases (PEPP), helped support sentiment last week. Data showed German annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to but below 2%.
Persons: Assicurazioni Generali, Christine Lagarde, , Carsten Brzeski, Sruthi Shankar, Shreyashi Sanyal, Sriraj Kalluvila, Christina Fincher Organizations: Deutsche Bank, Wall Street Journal, U.S . Federal Reserve, European Central Bank, ING Locations: Frankfurt, Paris, Bengaluru
Brazil's real rose 1.3%, putting it on course to mark the biggest weekly gain among major Latam peers. Chile's peso rose more than half a percent as copper prices rose. Emerging market stocks have maintained a slower pace of recovery from the pandemic when compared to more developed economies. The MSCI's index for emerging market stocks rose 0.2%, while the index for Latin American equities added 1%. "We forecast that emerging market equities will make further gains between now and end-2022 as the global economy recovers further," said Simona Gambarini, markets economist at Capital Economics.
Persons: Susan Mathew, Shreyashi Sanyal, Joe Biden, Stocks, Simona Gambarini, Nick Macfie, Grant McCool Organizations: TD Securities, New York Times, Capital Economics, Brazil Bovespa, Mexico IPC, Argentina MerVal 57727.99, Argentina Locations: America, Latin America, Sao Paulo, Brazil, Mexico, Chile, Argentina, Colombia, Peru, Bengaluru
(Reuters) -European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked its jet output targets, while German shares weakened after shares in pharmaceuticals maker Bayer were hit by a court ruling. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 21, 2021. German shares shed around 0.3%, lagging other regional markets, with Bayer the biggest drag on the DAX, falling 5.0%. European shares have moved little this week, but achieved record highs as continued affirmations of easy monetary policy and waning concerns over inflation painted a favourable picture. The stock shed more than 6% after its annual revenue fell.
Persons: DAX, , Mark Haefele, , Lyle Organizations: Reuters, Airbus, Bayer, REUTERS, Staff, UBS, Tate, Deutsche Bank, Sewing, Puma Locations: Frankfurt, Germany, U.S, Chile
MSCI's index of EM currencies dipped 0.1%, while Mexico's peso rose 0.2% to 19.880 per dollar. Late on Tuesday, Brazil's Economy Minister said the local economy might grow by as much 5% this year. A source told Reuters Azul had approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation. Peru's sol fell 0.8% to a new low with less than two weeks to go before a second round of presidential elections. Colombia's peso eased its fall as oil prices steadied, while the stock index was flat with oil major Ecopetrol hitting three-week lows.
Persons: Susan Mathew, Shreyashi Sanyal, BHP Group's Escondida, Gabriel Yorio, Brazil's, Reuters Azul, Chile's, Pedro Castillo, Keiko Fujimori, Jane Merriman, Richard Chang Organizations: BHP Group's, Deutsche Bank, Citi Research, Mexican, Brazil's, Gol, Azul SA, Reuters, LATAM Airlines Group, Brazil Bovespa, Mexico IPC, Argentina MerVal 56426.07, Chile Locations: Chile, Mexico, U.S, Brazil's COVID, Colombia, Brazil, Argentina, Peru, Bengaluru
(Reuters) -European stocks ended flat on Wednesday, led by bank shares after central bank policymakers pledged to keep monetary policy loose despite recent signs of an uptick in inflation. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 21, 2021. REUTERS/StaffThe pan-European STOXX 600 index was flat, with bank falls offsetting travel and leisure gains. Stocks drifted higher earlier, holding near record highs after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance. Similar comments from European Central Bank policymakers, including that it may be too early to discuss tapering of emergency bond purchases, helped equity markets in the region stabilize.
Persons: Stocks, , Chris Beauchamp, “ We’ve, Max Kettner, Spencer, Berenberg, Australia’s Ramsay, Australia’s Ramsay Health Care Organizations: Reuters, REUTERS, Staff, Federal, European Central Bank, IG, HSBC Global Research, Marks, Danone, Spire Healthcare, Australia’s Ramsay Health, British Locations: Frankfurt, Germany, British
Chile's peso fell 1.2%, while Peru's sol dropped 1.5%. A rise in the price of copper was capped after China's market regulators warned industrial metal companies to maintain "normal market order" during talks on the significant gains in metals prices this year. Tensions in Chile regarding the possible overhaul of its market-friendly constitution and a likely socialist leadership in Peru also have weighed on copper prices. The peso rose 0.4%. Meanwhile on Friday, a closely followed JPMorgan survey showed investors this month made their biggest cut to "hard currency" emerging market sovereign bond positions in five years.
Persons: Susan Mathew, Shreyashi Sanyal, Sacha Tihanyi, Jair Bolsonaro, Bolsonaro, Alexandra Bechtel, Barbara Lewis, Andrea Ricci Organizations: Chilean, TD Securities, JPMorgan, Brazil Bovespa, Mexico IPC Locations: Brazil, Mexico, Chile, Peru, America, China, U.S, Argentina, Colombia, Bengaluru
(Reuters) -European stocks rose on Friday, as Swiss luxury goods maker Richemont jumped after its results and accelerating business growth in the euro zone kept investors cautiously optimistic in the face of rising inflation worries. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2021. REUTERS/StaffThe pan-European STOXX 600 index rose 0.6%, capping the week with a small gain. IHS Markit’s survey showed euro zone business growth accelerated at its fastest pace in over three years in May, helped by a strong resurgence in the bloc’s dominant service industry as economies reopened. However, European Central Bank President Christine Lagarde said it is still too early for the central bank to discuss winding down its 1.85 trillion euro ($2.25 trillion) emergency bond purchase scheme, less than two weeks ahead of a crucial policy meeting.
Persons: Richemont, Cartier, , Chris Beauchamp, Christine Lagarde, Thiele, Siena, Unicredit Organizations: Reuters, REUTERS, Staff, IHS, IG, European Central Bank, BMW, Lufthansa AG, Bper Banca, Banco, Banca Monte dei, European Union Locations: Frankfurt, Germany, pare, Unicredit, Italy
The peso shed 1%, touching a one-week low to the dollar after S&P Global Ratings lowered Colombia's rating to junk bond status. Brazil's real rose 0.9%, recovering from its worst day in more than a week. Mexico's peso rose 0.2%, although further gains were hampered by a drop in oil prices. Chile's peso fell 0.6%, while Chilean stocks rose 0.5%. Broader Latam stocks edged higher, with the MSCI's index of regional stocks gaining 0.2%.
Persons: Fitch, Ambar Warrick, Shreyashi Sanyal, Morgan Stanley, Goldman Sachs, Edward Moya, Barbara Lewis, Will Dunham Organizations: JPMorgan, U.S, U.S . Federal, Investors, Mexico IPC, Argentina MerVal, Chile, Argentina Locations: Colombia, Wall, LATAM, U.S ., United States, Mexican, Brazil, Mexico, Chile, Argentina, Peru, Bengaluru
(Reuters) -European stocks rose on Thursday after one of the worst selloffs this year as strong earnings and merger talks in the chip sector helped investors look past inflation worries. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS/StaffThe pan-European STOXX 600 index rose 1.3% after suffering a 1.5% loss in the previous session. Oslo-listed chipmaker Nordic Semiconductor jumped 9.8% to the top of STOXX 600 after an Italian daily reported that Franco-Italian rival STMicroelectronics is mulling an offer to buy the company. Budget airline EasyJet fell 2.1% after it warned that late announcement of travel rules reduced visibility as it reported a wider half-year loss.
Persons: Franco, STMicroelectronics, , Michele Morganti, Wall, Jack Allen, Reynolds, Organizations: Reuters, REUTERS, Staff, Tech, Nordic Semiconductor, Capital Economics, Deutsche Telekom, EasyJet Locations: Frankfurt, Germany, Oslo, German, Europe
Total: 25