{"id":118653,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-24T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=281a570b8d947a4b178153b4947f7925"},"modified":"2024-04-24T00:00:00","modified_gmt":"2024-04-24T00:00:00","slug":"european-stocks-rise-driven-by-technology-sector","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/european-stocks-rise-driven-by-technology-sector\/","title":{"rendered":"European Stocks Rise Driven by Technology Sector"},"content":{"rendered":"
\nEuropean stocks scaled to their highest levels in more than a week on Tuesday, driven by the technology sector.<\/p>\n
The pan-European STOXX 600 index (.STOXX), opens new tab was up 0.6%, boosted by a nearly 2% jump in technology stocks.<\/p>\n
The tech sector added 1.8%, lifted by SAP’s 4.6 % rise after the German company reported a 24% jump in first-quarter cloud revenue at 3.93 billion euros ($4.19 billion), buoyed by demand for its enterprise resource planning software.<\/p>\n
Helping the sector’s rise was a 4.6% gain in Novartis as the Swiss drugmaker raised its full-year outlook after reporting first-quarter results that surpassed expectations.<\/p>\n
On the flip side, Randstad, the world’s biggest employment agency, reported disappointing quarterly core earnings, sending shares of the Dutch firm down 6.7%, among top decliners on the STOXX.<\/p>\n
Elsewhere, UK’s exporter-focused FTSE 100 climbed 0.6% after notching an all-time intraday high of 8,071.96 points.<\/p>\n
Source: Qatar News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks scaled to their highest levels in more than a week on Tuesday, driven by the technology sector.<\/p>\n
The pan-European STOXX 600 index (.STOXX), opens new tab was up 0.6%, boosted by a nearly 2% jump in technology stocks.<\/p>\n
The tech sector a…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"\n