(RTTNews) – European stocks posted solid gains on Tuesday after the European Central Bank joined its US and Japanese counterparts to indicate that it is ready to take “appropriate and targeted measures” to combat the economic impact of the coronavirus.
Earlier today, the Reserve Bank of Australia lowered official interest rates to a new record 0.5% to support the economy amid the global coronavirus epidemic.
G7 finance ministers are scheduled to participate in a conference call on the economic impact of the coronavirus later today.
The pan-European Stoxx 600 was up 2.7% to 386.10 after slightly increasing 0.1% in the previous session.
The German DAX climbed 2.6%, the French CAC 40 index rose 2.2% and the UK FTSE 100 2.5%.
Qiagen NV shares jumped 20% after US laboratory equipment maker Thermo Fisher Scientific launched a 10.4 billion euro ($ 11.6 billion) bid for the genetic testing company.
Novartis shares rose 0.5%. According to the United States Department of Justice, Novartis’ Sandoz unit for generic drugs has agreed to pay $ 195 million to settle criminal charges for setting prices for generic drugs.
Deutz climbed 5.2%. Diesel engine maker Deutz has pledged to step up efficiency measures in 2020 to counter a double-digit decline in revenues and operating profit this year.
Aggreko shares jumped 7.3%. The global electricity and energy supplier reported pre-tax profit for 2019 of 199 million pounds, up 9% from 182 million pounds last year.
Bakery chain Greggs grew 4.4% after profit before taxes for the 52 weeks ended December 28, 2019 fell to £ 108.3 million from £ 82.6 million the year before.
The Intertek group rose 1.2% after posting higher profit in 2019.
Precious metal miner Fresnillo fell 3.7% after posting a 63% drop in pre-tax profits in 2019.
Industrial equipment rental company Ashtead Group fell more than 1% after announcing a drop in pre-tax profits for the third quarter of fiscal 2020.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) – European stocks posted solid gains on Tuesday after the European Central Bank joined its US and Japanese counterparts to indicate that it is ready to take “appropriate and targeted measures” to combat the economic impact of the coronavirus.
Earlier today, the Reserve Bank of Australia lowered official interest rates to a new record 0.5% to support the economy amid the global coronavirus epidemic.
G7 finance ministers are scheduled to participate in a conference call on the economic impact of the coronavirus later today.
The pan-European Stoxx 600 was up 2.7% to 386.10 after slightly increasing 0.1% in the previous session.
The German DAX climbed 2.6%, the French CAC 40 index rose 2.2% and the UK FTSE 100 2.5%.
Qiagen NV shares jumped 20% after US laboratory equipment maker Thermo Fisher Scientific launched a 10.4 billion euro ($ 11.6 billion) bid for the genetic testing company.
Novartis shares rose 0.5%. According to the United States Department of Justice, Novartis’ Sandoz unit for generic drugs has agreed to pay $ 195 million to settle criminal charges for setting prices for generic drugs.
Deutz climbed 5.2%. Diesel engine maker Deutz has pledged to step up efficiency measures in 2020 to counter a double-digit decline in revenues and operating profit this year.
Aggreko shares jumped 7.3%. The global electricity and energy supplier reported pre-tax profit for 2019 of 199 million pounds, up 9% from 182 million pounds last year.
Bakery chain Greggs grew 4.4% after profit before taxes for the 52 weeks ended December 28, 2019 fell to £ 108.3 million from £ 82.6 million the year before.
The Intertek group rose 1.2% after posting higher profit in 2019.
Precious metal miner Fresnillo fell 3.7% after posting a 63% drop in pre-tax profits in 2019.
Industrial equipment rental company Ashtead Group fell more than 1% after announcing a drop in pre-tax profits for the third quarter of fiscal 2020.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.