European shares rise for 6th day in a row and close at record high – 11/17/2021

Biden says US is still coming out of Kovid-19's "economic collapse" - 05/07/2021

Por Anisha Sircar e Shreyashi Sanyal

(Reuters) – European shares closed at record highs on Wednesday, rising for the sixth straight session, as some positive corporate balance sheets helped to allay concerns that a jump in natural gas prices would add to inflationary pressures. Used to be.

The FTSEurofirst 300 index rose 0.22% to 1,898 points, while the pan-European STOXX 600 index rose 0.17% to 490 points, better-than-expected US retail sales data lifted Wall Street on Tuesday.

Profits for companies listed on the STOXX 600 are expected to rise 60.4% in the third quarter from a year ago to €103.6 billion, Refinitiv’s latest figures show, down from an estimated 60.7% from last week.

German medical technology company Siemens Healthiniers gained 5.6% this year after raising synergy targets for its acquisition of Varian.

Data showed eurozone inflation more than doubled from the European Central Bank’s target in October, with more than half of the increase due to energy prices.

The Financial Times index in London closed 0.49% lower at 7,291 points.

The DAX index rose 0.02% to 16,251 in Frankfurt.

The CAC-40 index rose 0.06% to 7,156 points in Paris.

In Milan, the Ftse/Mib index rose 0.07% to 27,824 points.

In Madrid, the Ibex-35 index fell 0.52% to 8,993 points.

The PSI20 index rose 0.38% to 5,675 in Lisbon.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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