RIO rio tinto limited

News: RIO European shares rise on tech rebound; Remy Cointreau hits new high

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    (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

    Nov 25 (Reuters) - European shares rose on Thursday as a rebound in hard-hit technology stocks and a surge in French spirits maker Remy Cointreau helped offset worries about soaring coronavirus cases across the continent.

    The Europe-wide STOXX 600 index .STOXX rose 0.4% by 0809 GMT, bouncing off three-week lows hit on Wednesday.

    Remy Cointreau RCOP.PA jumped 9.9% to a record high after it raised full-year profit outlook as strong demand for its premium cognac drove a stronger-than-expected operating profit in the first half.

    Technology stocks .SX8P rose 0.9%, their first session of gains in six days, after rising bond yields hit the high-growth sector earlier this week.

    Germany's DAX .GDAXI rose 0.4%, also coming off a three-week low even though data showed a weaker-than-expected German economic expansion in the third quarter and tepid consumer sentiment ahead of Christmas shopping season.

    Radiation therapy equipment maker Elekta EKTAb.ST gained 8.1% after it reported a smaller-than-expected fall in August-October earnings amid a growing need for cancer care and radiotherapy.

 
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Last
$114.57
Change
-2.370(2.03%)
Mkt cap ! $42.53B
Open High Low Value Volume
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Price($) Vol. No.
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