European stocks rise on upbeat forecasts from Pandora, Novo Nordisk By Reuters


© Reuters. FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) – European stock markets gained on Friday on rosy earnings forecasts from retailers Pandora (OTC:) and Zalando as well as drugmaker Novo Nordisk (NYSE:), with investors keeping an eye out for signs of fresh U.S. stimulus.

Danish jewellery maker Pandora (CO:) jumped 10.6% and German online fashion company Zalando (DE:) rose 3.7% after raising their outlook for 2020 on the back of a strong third quarter.

Danish pharma company Novo Nordisk (CO:) gained 3.2% after it raised its 2020 sales and operating outlook.

The broader STOXX 600 index () rose 0.4% by 0713 GMT, led by miners () and oil companies () as commodity prices rose. The index was on course to record its second straight week of gains. [MET/L] [O/R]

U.S. President Donald Trump said in an interview with Fox News that talks with Congress have restarted over further COVID-19 relief and that there was a good chance a deal could be reached. But he gave no other details about a possible agreement.

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