Sharecast
  • uk
    uk United Kingdom
    it Italian
    es Spanish
    pt Portuguese
    fr French
    de German
    zh-CN Chinese (Sim.)
    zh-TW Chinese (Tra.)
    ru Russian
    da Danish
    hr Croatian
    nl Dutch
    fi Finnish
    ja Japanese
    sv Swedish
    no Norwegian
    pl Polish
    ro Romanian
    sr Serbian
    tr Turkish
    id Indonesian
    bs Bosnian
    bg Bulgarian
    ca Catalan
    cs Czech
    el Greek
    af Afrikaans
    sq Albanian
    am Amharic
    ar Arabic
    hy Armenian
    az Azerbaijani
    eu Basque
    be Belarusian
    bn Bengali
    ceb Cebuano
    ny Chichewa
    co Corsican
sharecast

Europe open: Shares rally on German retail sales data

  • Home
  • UK Shares
      UK SHARES
    • Home
    • Results
    • Broker Views
    • Director Dealings
    • IPO Centre
    • Company Diary
    • Regulatory News
    • Company A-Z
  • Market Data
      MARKET DATA
    • Overview
    • Indices
    • Currencies
    • Commodities
    • Gilts
    • ETFS
    • Bonds
  • Sharecast News
  • Cryptocurrencies
  • Technical Analysis
  • Active Trader
  • Funds
      FUNDS
    • Funds Centre
    • Managers
    • News
  • Brokers
      BROKERS
    • Home
    • Forex
    • Shares
    • Binary Options
    • CFDs
    • Futures
    • Options
    • Spread Betting
  • Learn on finance
  • Spread Bet
      SPREAD BET
    • Learn
    • Strategies
  • Economic calendar
  • Portfolio
  • Watchlist
  •  More
    • Home
    • UK Shares
      • Home
      • Results
      • Broker Views
      • Director Dealings
      • IPO Centre
      • Company Diary
      • Regulatory News
      • Company A-Z
    • Market Data
      • Overview
      • Indices
      • Currencies
      • Commodities
      • Gilts
      • ETFS
      • Bonds
    • Sharecast News
    • Cryptocurrencies
    • Technical Analysis
    • Active Trader
    • Funds
      • Funds Centre
      • Managers
      • News
    • Brokers
      • Home
      • Forex
      • Shares
      • Binary Options
      • CFDs
      • Futures
      • Options
      • Spread Betting
    • Learn on finance
    • Spread Bet
      • Learn
      • Strategies
    • Economic calendar
    • Portfolio
    • Watchlist
  1. 03 Jun, 2025
  2. Home
  3. Market Report - Europe
Frank Prenesti Sharecast News
01 Jul, 2021 08:53

Europe open: Shares rally on German retail sales data

European shares rallied on Thursday as a jump in German retail sales and positive corporate news boosted sentiment.

The pan-European Stoxx was up 0.97% with Germany’s DAX up 0.94% after official data revealed retail sales in the country rebounded in May as a gradual easing of Covid-19 restrictions supported consumer spending in Europe's largest economy.

Retail sales rose 4.2% month on month in real terms after a downwardly revised decline of 6.8% in April, The Federal Statistics Office said.

“European and global stock markets have enjoyed a strong run-up in the last six months as a combination of ultra-loose monetary policy, fiscal largesse and a vaccine-enabled reopening of economies allowed investors to look ahead to a brighter future for earnings and growth,” said Markets.com analyst Neil Wilson.

“Now there are risks on the horizon, but the market remains biased to the upside. That’s been evidenced by fresh record highs on Wall Street as the S&P 500 notched its fifth-straight record closing high.”

In equity news, shares in Aveva rose as the industrial software group reported a good start to the year as the set itself a target of 10% annual revenue growth over five years.

Associated British Foods was higher as the company said it expected annual profit to be in line with the year before after sales at Primark outstripped forecasts in the third quarter.

JD Sports Fashion shares gained after the company said it expected to make annual profits of at least £550m and would split the roles of chairman and chief executive before its 2022 annual general meeting.

Micro Focus International shares fell as the company reported adjusted first-half profit down 7.7% as the software group's revenue fell.

Fashion retailer H&M fell despite reporting better-than-expected second quarter profit as many of the company's stores reopened but earnings remained well below pre-pandemic levels.

contador
Advertising

THE MOST READ

    • Chemring shares jump on record orders, defence spending ramp up
    • FTSE 100 movers: Miners, housebuilders in the red
    • London midday: Stocks flat after OECD growth projections, China data
    • Broker tips: GSK, EasyJet, AB Foods
    • Europe midday: Stoxx retreats as OECD cuts global growth outlook
    SEE THE FULL LIST

    SMART BOX info

    dl andrew bailey bank of england generic pd

    Slowing wage growth 'crucial' for further rate cuts - BoE's Bailey

    dl euro ecb european central bank europe eurozone common currency area eu eur sign pb

    Eurozone inflation falls below ECB target

    dl switzerland flag generic swiss franc chf suisse schweiz generic pb 1

    Swiss consumer prices fall for first time since 2021

    white house dl us usa dollar bonds

    OECD cuts growth forecasts on Trump trade war

    dl manufacturing industry factory production output generic pb

    China's manufacturing sector unexpectedly contracts in May

    More about you
    • High
    • Medium
    • Low

    You are seeing these quotes based on previous browsing related to sectors such as:

    • Banking

    You are seeing these stories as you have shown an interest in the following categories

      Advertising
      Loading:

      RELATED NEWS

      0% Complete

      Europe open: Shares rally on German retail sales data
      London close: Stocks mixed as OECD downgrades growth forecasts
      dl city of london square mile financial district skyline river thames london stock exchange lse ftse trading finance generic pexels
      Europe close: Shares rally to finish higher despite cut in growth outlook
      dl frankfurt
      Europe midday: Stoxx retreats as OECD cuts global growth outlook
      Chemring shares jump on record orders, defence spending ramp up
      chemring, defence, plane, aerospace
      Broker tips: GSK, EasyJet, AB Foods
      dl easyjet plc ezj consumer discretionary travel and leisure travel and leisure airlines ftse 250 logo 20230905 1430
      FTSE 250 movers: Chemring flies; Housebuilders slide
      Shore Capital returns AB Foods to 'buy' despite H1 disappointment
      dl abf ab foods associated british sugar mill newark ftse 100 min
      FTSE 100 movers: Miners, housebuilders in the red
      dl persimmon housebuilder house home builder construction show property residential ftse 100 min
      US open: Stocks mixed as OECD cuts US growth outlook
      dl wall street times square new york city night pedestrians nasdaq billboards trading nyc generic nypd unsplash
      Director dealings: Howden Joinery CFO makes share purchase
      dl city of london square mile financial district lse london stock exchange trading finance black cab taxi generic pexels
      • About us
      • Advertising
      • Terms & Conditions
      • Privacy policy
      • Cookies
      • Contact
      Back to the top

      2025 © Sharecast.com. All rights reserved.

      Login with Facebook
      Login with Google
      o
      Forgot password?
      Don’t have an account? Sign In