European Stocks Rebound amid News from France

By Investors Hub

European stocks have rebounded on Wednesday as the focus shifts to earnings and the British government signaled that it intends to bring a revised Brexit deal back to Parliament.

According to a report in The Times, the EU is ready to make a major concession on a Brexit deal by providing a mechanism for the Northern Irish assembly to leave a new Irish backstop after a set number of years.

Meanwhile, the Bank of France today retained its growth forecast for the third quarter. According to the monthly survey, the economy is set to expand 0.3 percent in the third quarter, unchanged from the previous estimate.

While the German DAX Index has jumped by 1.2 percent, the French CAC 40 Index is up by 0.8 percent and the U.K.?s FTSE 100 Index is up by 0.7 percent.

Shares of Pressure Technologies have soared after the specialist engineering group announced a major contract win from EDF Energy.

GVC Holdings has also jumped after the global sports-betting and gaming group raised its full-year core earnings forecast.

AMG Advanced Metallurgical Group N.V., a global critical materials company, has surged almost 4 percent after it signed an agreement to acquire the assets of International Specialty Alloys from Kennametal, Inc.

Dutch online food delivery company Takeaway.com has also moved to the upside after reporting a surge in quarterly orders.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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