UPDATE 1-China stimulus hopes, chip stocks push European shares higher [Reuters]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Reuters
China stimulus hopes, chip stocks push European shares higher - Reuters 3 Min Read (Reuters) - European shares churned higher on Friday, boosted by positive investor sentiment after China hinted of plans to spur economic growth while chipmaker stocks in the region propped up markets, helped by solid earnings news from U.S. counterparts. China’s state planner said it will roll out a plan to boost disposable income this year and in 2020 to encourage consumption as the economy slows. The pan-European STOXX 600 index was 1.1% higher by 0859 GMT, with the export-reliant DAX index .GDAXI outperforming. Markets were jarred earlier after London's FTSE 100 .FTSE had a delayed open due to a technical glitch. But the index climbed 0.7% higher, boosted by financials. European shares staged a comeback from six-month lows hit during the previous session, after China warned of retaliation against U.S. tariffs, heightening fears of the continued impact of their trade war on global growth. However, th
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STM
Earnings
- 1/25/24 - Beat
STM
Sec Filings
- 4/15/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/8/24 - Form 6-K
- STM's page on the SEC website