European Stocks Extend Gains to Hit Record Highs, Deutsche Telekom and WPP Surge

Earnings
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Summary · why it matters

European stock markets extended gains, with the STOXX Europe 600 index closing at a record high for a third consecutive session. Information analytics firm RELX fell 4.1 percent as it traded ex-dividend, while concerns over its performance following results from a US software company also weighed. Housebuilder Persimmon rose 2.9 percent after issuing a solid earnings outlook. Advertising giant WPP surged 28.6 percent, and Deutsche Telekom, which expanded its share buyback program, gained 6.3 percent. On the other hand, German defense major Rheinmetall dropped 3.5 percent after cutting its full-year revenue forecast.

Impact on stocks 4

Cloud & Digital Infrastructure · 1 stocks
Industrials · 1 stocks
Rheinmetall AG
RHM
▼ NegativeCapitalrelevance

Cut full-year revenue forecast, signaling weaker expected performance.

Consumer Discretionary · 1 stocks
Persimmon PLC
PSN
▲ PositiveDemandrelevance

Issued a solid earnings outlook, indicating strong demand for homes.

Artificial Intelligence · 1 stocks
Relx PLC
REL
▼ NegativeCapitalrelevance

Traded ex-dividend and concerns over performance after US software company results.