European stocks rallied on Thursday, driven by the energy sector and mixed results from major companies. The Stoxx Europe 600 Index rose 0.2% in early London trading, with energy stocks leading the gains after Brent oil prices jumped 4%. This surge came after the United States imposed sanctions on two Russian oil giants, Rosneft and Lukoil, for their perceived lack of commitment to peace in Ukraine.
On the corporate side, Nokia surged 11% thanks to strong demand for its cloud and artificial intelligence services, while Volvo Cars soared 23% after posting above-expected profits. Conversely, Evolution AB fell 10% due to disappointing results. Despite the mixed results, analysts expect European markets to remain solid through the end of the year, supported by potential German fiscal stimulus and stock valuations that remain lower than those of the US market. (az)
Source: Newsmaker.id
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