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European stocks rise for second day

FXStreet (Mumbai) - The European stocks extended the risk-on rally for the second day on Thursday on rising prospects of a prolonged period of low interest rates in the US.

At the time of writing, the pan-European Euro Stoxx 600 index advanced 0.7%. Among regional indices, Germany’s DAX and London’s FTSE were up 0.9% each. France’s CAC also strengthened 0.7%.

Among Stoxx 600 shares, Hugo Boss AG fell 9.7% after the German fashion label cut its sales and earnings forecasts for the year. Meanwhile, National Bank of Greece and Alpha Bank gained 65 and 5% respectively.

Carrefour SA climbed 2.5% after reporting a gain in revenue, while Nestle SA declined 2.9% after the world’s largest food company reduced its annual revenue forecast.

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