European Stocks Rise Amid Hopes for ECB Cut, More China Steps [Financial Post (Toronto, Ontario, Canada)]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — European stocks gained on Wednesday as investors assessed prospects for an interest-rate cut by the European Central Bank next week and more China stimulus. The Stoxx Europe 600 Index was up 0.7% by the close. Among individual stocks, Continental AG rallied 7.2% after the tiremaker reassured analysts about its earnings outlook. Bayer AG fell after Washington state's top court said it would review a decision to throw out a $185 million jury award against its Monsanto unit. Listen to the Here's Why podcast on Apple, Spotify or anywhere you listen. Technology and automakers outperformed, while energy and banks were the biggest underperformers. The ECB will probably lower rates next week and will loosen monetary policy again at future meetings depending on progress on inflation, Governing Council member Francois Villeroy de Galhau said Wednesday.
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