European stocks closed higher on Thursday thanks to impressive earnings updates from several companies from across the region. Investors largely shrugged off concerns about the outlook for interest rates and chose to focus on corporate news.
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The FTSE 100 ended up 0.7% at 7,455.67 points, after three days of consecutive falls and a flurry of mixed results and trading updates. Plenty of companies are finding they cannot meet market.
London’s stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.
A quarterly update from AstraZeneca PLC (LSE:AZN) approaches with its shares having slipped 15% from the all-time highs reached in the spring, when it.