European shares edge higher

European shares edged higher on Thursday, lifted by H&M after the Swedish retailer posted a stronger-than-expected profit, although hawkish remarks from a slew of top central bankers kept a lid on risk sentiment.

The pan-European STOXX 600 index was up 0.1% by 0704 GMT, a day after top central bankers, including U.S. Federal Reserve Chairman Jerome Powell, signalled further policy tightening was required to tame inflation.

Shares of H&M climbed 7.3% to an over one-year high after the world’s second-biggest fashion retailer topped expectations for quarterly operating profit and said its third-quarter sales were also off to a good start.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
JPMorgan European Discovery Trust

More articles like this

JPMorgan European Discovery Trust

Bravida Finland strengthens its position in northern Finland

Bravida Finland acquires the company OAT Oy, thereby expanding its electrical and automation installation activities in northern Finland. The company has sales of approximately EUR 8.8 million and employs around 60 people. OAT Oy was founded in 1992

JPMorgan European Discovery Trust

Adobe and Microsoft – A partnership that powers digital experiences

The Microsoft and Adobe partnership enables customers to leverage the power and scale of the Microsoft cloud with Adobe’s expertise in marketing technology to really enhance the value of technology investments while amplifying business impact and accelerating marketing

JPMorgan European Discovery Trust

Microsoft Copilot: Your AI Personal Assistant

Microsoft Copilot is a new AI tool that can help users write code, generate text, and answer questions. It’s still in development, but it’s already creating quite the stir within the tech industry. Here are some of the

JPMorgan European Discovery Trust

European stocks rise on China optimism

European shares rose on Monday, echoing an upbeat mood in Asia as investors were optimistic that a series of stimulus from China will support its slowing economy, while drugmaker Novo Nordisk’s shares hit a fresh record high. The

JPMorgan European Discovery Trust

European shares and Wall Street futures post modest rises

European stocks and Wall Street futures rose on Friday ahead of the release of a closely watched US jobs report that will heavily influence whether the Federal Reserve raises rates or leaves them unchanged at its November meeting.

JPMorgan European Discovery Trust

European stocks gain for a second day

European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. Miners and real estate led the advance in

JPMorgan European Discovery Trust

European stocks higher

European stocks edged higher on Monday after a rout last week while government bond yields renewed their rise as oil prices firmed even as China delivered smaller rate cuts than investors expected. China’s central bank trimmed its one-year

JPMorgan European Discovery Trust

Europe stocks edge higher

European stocks mostly climbed on Monday, recovering from pre-weekend losses though traders were keeping a wary eye on the risks for China’s property sector, which sent Asian markets into the red. Developer Country Garden missed bond payments and

JPMorgan European Discovery Trust

European stocks outperform

Global stocks rose on Wednesday and European equities outperformed as Italy soothed market nerves with the news that a windfall tax on bank profits would be less punishing than analysts had expected. MSCI’s broad index of global shares (.MIWD00000PUS) was 0.3% higher

JPMorgan European Discovery Trust

ALTEN aquires Ayesa Air Control in Spain and Germany

The ALTEN Group, world leader in consulting and engineering technology, has been investing in the Spanish market since 2000 and is now strengthening its offering through the strategic acquisition of Ayesa Air Control. This alliance is a great

JPMorgan European Discovery Trust

Europe markets log monthly gain of nearly 2%

The Stoxx 600 closed 0.2% higher after preliminary data showed headline inflation in the euro zone fell to 5.3% in July. New euro zone growth figures also showed economic activity picking up in the second quarter of this year. The benchmark index

JPMorgan European Discovery Trust

ALTEN UK receives 2023 Supplier Excellence Award from JLR

For the seventh year, Jaguar Land Rover (JLR) has celebrated the outstanding achievements of its global supply chain at the Supplier Excellence Awards. Among the 2023 winners, ALTEN UK has won an award in the Impact category, celebrating

No more posts to show