European stocks rise in early trading, Germany lags in broader rally By Reuters

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© Reuters. FILE PHOTO: The DAX chart of the German Stock Price Index is displayed on the Frankfurt Stock Exchange.

(Reuters) – European stocks rose on Friday, following upbeat sentiment from Wall Street about hopes for a faster global economic recovery, while Frankfurt stocks lagged after data showed a drop in industrial orders. . He won 0.2% and was set for his longest winning streak since late December. The index was also up 3.5% for the week, on track for its best weekly performance since November. Markets around the world rose on expectations of a great stimulus from the administration of US President Joe Biden. [MKTS/GLOB] The index fell 0.1% after data showed orders for products made in Germany fell more than expected in December, ending a seven-month streak of positive data as restrictions to contain the pandemic. COVID-19 dragged down demand from other euro zone countries. Sanofi (NASDAQ 🙂 SA gained 2.6% as the French pharmaceutical company said it was aiming to increase earnings per share this year after posting better-than-expected quarterly results. BNP Paribas (OTC 🙂 fell 0.4% as charges linked to the pandemic ate ​​into the lender’s net earnings in the fourth quarter.

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