European Stocks Close Higher for Third Straight Day, Boosted by Unilever Earnings

Earnings
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Summary · why it matters

European stocks closed higher for a third consecutive day, supported by strong earnings from Unilever, which helped lift consumer goods shares. The STOXX 600 index closed at 646.89 points, up 0.35%, while the FTSE 100 index in London ended at 10,871.02 points, gaining 0.83%. Unilever shares surged 8%, their biggest daily gain in four years, after reporting second-quarter sales that beat expectations. Energy stocks fell the most, dropping 2.4% as oil prices weakened.

Impact on stocks 1

Consumer Staples · 1 stocks
Unilever PLC
UNLYD
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Unilever reported Q2 sales that beat expectations, driving shares up 8%.