(Bloomberg) European equities rose on Monday, as investors weighed robust earnings reports and a brightening economic outlook against the risks of rising inflation, supply disruptions, and higher taxes. The U.K. market was closed for a public holiday. The Stoxx Europe 600 Index climbed 0.6%, moving closer to historic highs reached last month. Carmakers led advances, despite continuing warnings about production disruptions due to a shortage of chips. Ferrari NV gained 2.6% amid upbeat estimates for its earnings report due Tuesday. Renewables underperformed after Citigroup Inc. said in a note that Siemens Gamesa Renewable Energy SA’s 2021 guidance was disappointing. Vestas Wind Systems A/S was among the biggest drags on the Stoxx 600 Index, dropping 4.3%. The Stoxx 600 Index has climbed more than 10% this year, buoyed by expectations of rapid economic recovery, as vaccinations against the coronavirus progress while fiscal and monetary policy across the region remains loose. While muc
Provided by Dow Jones
By Anna Hirtenstein U.S. stocks rose Monday ahead of manufacturing data that could offer fresh insights into the pace of the global economic recovery. The S&P 500 advanced 0.3%, pointing to further gains for the broad-market index after closing out its best month since November. The Dow Jones Industrial Average climbed 0.6%, while the Nasdaq Composite Index increased 0.5%. Investors are cheering signals that economic growth is picking up in most developed countries, with companies earnings growth and positive outlook adding to the optimism. At the same time, money managers are assessing the continued spread of Covid-19 in many parts of the world, and trying to gauge the outlook for inflation, which could erode the value of investment returns.
European Stocks Rise as Stellar Earnings Outweigh Supply Jitters
This content was published on May 3, 2021 - 15:53
May 3, 2021 - 15:53
(Bloomberg) European equities rose on Monday, as investors weighed robust earnings reports and a brightening economic outlook against the risks of rising inflation, supply disruptions, and higher taxes. The U.K. market was closed for a public holiday.
The Stoxx Europe 600 Index climbed 0.6%, moving closer to historic highs reached last month. Carmakers led advances, despite continuing warnings about production disruptions due to a shortage of chips. Ferrari NV gained 2.6% amid upbeat estimates for its earnings report due Tuesday.
Renewables underperformed after Citigroup Inc. said in a note that Siemens Gamesa Renewable Energy SA’s 2021 guidance was disappointing. Vestas Wind Systems A/S was among the biggest drags on the Stoxx 600 Index, dropping 4.3%.
Bigger Wind Turbines Are On The Horizon By Benjamin Roussey on Fri, 04/30/2021 - 07:40
Wind turbines to harness wind energy is one of the more effective methods of using a renewable energy source. Despite climate change and the accompanying impact on the planet which is unknown and unpredictable, wind energy remains available and can be depended on for power.
Large wind turbines vs. small turbines
Large wind turbines supply the majority of wind power. They are usually designed for use in generating power plants and wind farms to supply wholesale bulk electric power. They have a capacity of at least 660kW or higher.