European markets higher after latest trade war jolt; Gerresheimer surges 9%

European markets higher after latest trade war jolt; Gerresheimer surges 9%


The pan-European Stoxx 600 was up nearly 0.4 percent during early morning deals, with most sectors and major bourses in positive territory.

Europe’s travel and leisure stocks were the best performers Thursday morning, up around 1 percent after England’s soccer team were knocked out of the World Cup semi-final late Wednesday. Shares of Paddy Power Betfair rose more than 2.4 percent as traders cited relief at Croatia’s victory over England.

Looking at individual stocks, Gerresheimer led the gains in Europe, up more than 9 percent after the company announced an extension of its business model and upgraded its growth forecasts.

Meanwhile, Moller-Maersk rose almost 2 percent after a ratings upgrade from Goldman Sachs, and Sky shares rallied 3 percent after a renewed offer from Comcast. The latter submitted a $34 billion bid for the group just hours after Rupert Murdoch’s Fox had increased its offer for the European television group.

Norway’s biggest lender DNB ASA fell to the bottom of the index, off around 5 percent after posting second-quarter earnings.



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