European Stocks Gain for Fourth Straight Week on Strong Earnings

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessEuropean Stocks Gain for Fourth Straight Week on Strong EarningsEuropean stocks rose for a fourth week in a row as a stronger-than-expected earnings season and growing M&A chatter lifted regional benchmarks to fresh records.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.akagi97nbl939brj8hhaj)zj_media_dl_1.png Bloomberg(Bloomberg) — European stocks rose for a fourth week in a row as a stronger-than-expected earnings season and growing M&A chatter lifted regional benchmarks to fresh records.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Stoxx Europe 600 Index was up 0.3% at the close, advancing 1.7% for the week. Technology and healthcare stocks outperformed, while the energy sector was the biggest laggard.Goodwin Plc climbed 9.8% as it considered selling a substantial part of its mechanical engineering division. Genel Energy Plc jumped 26% after rejecting an approach from Norwegian oil and gas producer DNO ASA. On the other hand, Eutelsat Communications SACA slid 4.6% after the satellite operator’s guidance missed estimates.Investors are returning to European equities as a bumper earnings season reinforces confidence about economic growth. MSCI Europe companies have posted a 17% surge in second-quarter profits, the highest since late 2022, according to figures compiled by Bloomberg Intelligence.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEuropean equity funds attracted $55 million of inflows in the week through Wednesday, the first in three weeks, according to a note from Bank of America Corp. citing EPFR Global data.The rally has also broadened out beyond a handful of heavyweight stocks. Roughly three quarters of Stoxx 600 members are now trading above their 200-day moving average, near the top of the range seen over the past decade, in what’s considered a key bullish signal. Still, lingering geopolitical concerns and thin summer liquidity pose risks to further gains in the coming weeks. US President Donald Trump said negotiations between Iran and Oman over the Strait of Hormuz are “moving along,” even after some Iranian lawmakers said they would seek to bar American and Israeli ships from the waterway as part of the deal. “Europe has regained record territory, but the easy part of the rally may be behind us,” said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg. “Geopolitical or energy-related surprises could produce sharper, more volatile moves. Our base case is consolidation rather than a major reversal.”For more on equity markets:Germany’s Massive Underperformance Looks Misplaced: Taking StockM&A Watch Europe: Apollo, EasyJet, Goodwin, Nscale, PharosEurope’s Venture Capital-Backed IPO Pipeline Shrinks: ECM WatchUS Stock Futures Unchanged; Health Catalyst, Trade Desk FallWizz Swings to Loss: The London RushYou want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here.—With assistance from Levin Stamm.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.