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Tag: FR:PX1

  • Adidas and Puma shares rally after Nike results

    Adidas and Puma shares rally after Nike results

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    Investors bid up Nike’s rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts.

    Adidas shares
    ADS,
    +6.09%
    jumped 6%, and Puma stock
    PUM,
    +6.22%
    rose 5%, after Nike
    NKE,
    +0.23%
    reported better margins than forecast even though revenue met expectation.

    JD Sports Fashion
    JD,
    +5.04%
    shares also jumped 6% in London.

    Analysts at JPMorgan led by Olivia Townsend said the read-across to the European sporting goods sector was better-than-expected demand in North America, a solid performance in Europe, expansion in gross margins and ongoing improvements in inventory levels.

    The major European indexes also advanced on Friday, with the U.K. FTSE 100
    UK:UKX,
    German DAX
    DX:DAX
    and French CAC 40
    FR:PX1
    each sporting gains around 0.7%.

    U.S. stock futures
    ES00,
    +0.42%
    also edged higher ahead of the release of the PCE price index report later. The S&P 500
    SPX
    ended Thursday with a 0.6% rise.

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  • European stocks break two-day declining streak

    European stocks break two-day declining streak

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    European stocks finished higher Friday, with the Stoxx Europe 600 index STOXX Europe 600 Index rising 0.34% to 469.00.

    The German DAX DAX increased 0.54% to 15,881.66, the French CAC 40 index CAC 40 Index increased 0.51% to 7,577.00 and the FTSE 100 index FTSE 100 Index increased 0.15% to 7,914.13.

    Among Stoxx Europe 600 constituents, health…

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