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    European stocks rise with Chinese policy to soften hope

    European stocks rose slightly on Thursday’s prudent trading as Beijing hoped to take steps to mitigate the embarrassed developer cash crisis.

    Investors sighed after the financially-stricken developer China Ever Grande Group evaded volatile defaults last month for the third time.

    The Pan-European Stoxx600 rose 0.2% to 484.43 after rising 0.2% in the previous session.

    Germany’s DAX rose 0.2%, France’s CAC 40 index rose 0.3%, and the UK’s FTSE 100 rose 0.4%.

    Burberry Group, a UK retailer, fell 6.6% after maintaining medium-term guidance for high growth in the high single digits.

    Aviva rose about 1%. The insurer said it is on track to meet its cost-cutting targets by returning at least £ 4 billion ($ 5.41 billion) to shareholders.

    3i Group surged 3% after private equity firms announced an increase in pre-tax operating profit in the first half of the year.

    Johnson Matthey’s share price plummeted by more than 16%.Chemical company said it will end battery material jobs Because of overwhelming competition. Also, my current boss has resigned.

    Engie SA’s share price has risen by more than 2%. French natural gas and power supplier and Crédit Agricole Assurances have announced that they have agreed to acquire a 97.33% stake in Eolia Renovables from Canadian institutional investment manager Alberta Investment Management Corp.

    German industrial services giant Bilfinger has risen about 1% after appointing a new CEO.

    SGL Carbon surged 2.6% as it reported improved revenue in nine months due to increased sales.

    Delivery heroes advanced 2.2%. Online Food Delivery Services reported a 89% increase in total revenue for the third quarter segment.

    Sika surged 8.7% after agreeing to buy German rival MBCC Group for CHF 5.5 billion ($ 6 billion).

    Steel maker ArcelorMittal rose 2.1%, despite reporting revenues slightly lower than expected in the third quarter.

    Britain sterling eased after official data showed Britain Economy It expanded at a slow pace in the third quarter.

    Gross domestic product increased 1.3% quarter-on-quarter in the third quarter, but weaker than the 5.5% increase seen in the previous quarter. Nevertheless, this was the second consecutive year of growth.

    GDP levels were 2.1 percent below previous levels. coronavirus Pandemic at the end of 2019. On a monthly basis, GDP growth improved from 0.2%, revised in August, to 0.6%.

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    European stocks rise with Chinese policy to soften hope

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