European stocks rise for third straight day, consumer goods shares gain on strong earnings

EarningsCommodity

โดย ロイター·Read original

Summary · why it matters

European stock markets closed higher for a third consecutive session. As listed companies continued to report earnings, consumer goods shares showing solid results were bought, and the STOXX Europe 600 index ended 0.35 percent higher at 646.89. Unilever jumped 8.0 percent after its April to June quarter revenue growth beat market expectations, while Mercedes-Benz rose 2.9 percent after posting an operating profit increase in the latest quarter. Meanwhile, oil and gas stocks fell 2.37 percent as crude prices declined on hopes of easing tensions between the US and Iran, and Italy's Saipem dropped 8.9 percent after cutting its full-year core profit outlook. Market attention is focused on the Federal Reserve's policy decision announcement on the 29th.