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European stocks scale 8-week high with all eyes on U.S. midterms

November 9, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
European shares hit an eight-week closing high on Tuesday as investors hoped for a market-friendly outcome from the U.S. midterm elections, while Danish jewellery maker Pandora jumped on reporting better-than-expected quarterly sales. The STOXX 600 index closed up 0.8% after moving in a narrow range for most of the day, with technology and retail sectors at the forefront of buying. Pandora zoomed up 10.6% to top the benchmark index after the company highlighted resilient shopper demand even amid soaring living costs. Wall Street's main indexes rallied as Americans voted in the midterm elections, with analysts expecting a Republican victory which...
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