Earnings help European stocks snap three-day losing streak [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Earnings help European stocks snap three-day losing streak | Reuters Reuters Staff 2 Min Read MILAN (Reuters) - European shares rose on Thursday following three days of losses, supported by a flurry of mostly positive results and gains by banks after the U.S. Federal Reserve flagged higher interest rates later this year. Oil major Shell fell on disappointing fourth-quarter cashflow and insulin maker Novo Nordisk declined after its chairman quit and it reported operating profit below expectations. But several other big European companies, from Nokia to Roche, Unilever and Dassault Systemes, were up after their profit updates, helping the pan-European STOXX 600 benchmark index rise 0.45 percent by 0814 GMT. The UK’s FTSE was flat while Germany’s DAX rose 0.35 percent. On Wednesday, the U.S. Federal Reserve flagged interest policy tightening later this year and upgraded its inflation outlook at its policy meeting, its first in 2018 and last to be chaired by Janet Yellen. Equities, which
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