European shares rose on Friday, recovering from their worst day in six weeks wit...
- European shares rose on Friday, recovering from their worst day in six weeks with support from robust jobs data from the United States and strong results from Adidas and HSBC.
“The April report allows the U.S. Federal Reserve to remain comfortably on hold for the next few meetings as it awaits more data, particularly on global risks and the inflation outlook,” said analysts at TD Securities in a note. Gains of nearly 2 percent by London-listed shares of HSBC Holdings after the lender beat quarterly profit estimates, was the biggest boost to the pan-region index.
“Not many European stocks are racking up all-time highs, and that underlines the bullish sentiment,” said David Madden, an analyst at CMC Markets, London.Fiat Chrysler jumped 4.6 percent after the carmaker said new U.S. pickup truck models would help the automaker achieve its 2019 profit targets and offset a weak first quarter.
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