European Stocks Edge Higher; Corporate News Helps Ahead of ECB

Investing.com | Oct 29, 2020 at 1:00 AM
  • European stock markets edged higher Thursday, bouncing off Wednesday’s sharp losses, helped by some positive corporate news and ahead of the latest European Central Bank meeting.
  • Royal Dutch Shell (LON:RDSa) stock rose 3.3% after the oil major reported a larger-than-expected profit for the third quarter and raised its dividend.
  • Volkswagen (DE:VOWG_p) stock rose 1.9% after the German car manufacturer returned to profit in the third quarter, helped by surging Chinese demand for luxury cars, while Anheuser Busch Inbev (BR:ABI) gained 2.7% as the world’s largest brewer reported impressive earnings on the back of strong demand in the U.S. and Brazil.