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Dec. 27, 2019, 7:56 a.m. EST

European markets poised for another record session, inspired by Wall Street gains

Qiagen tumbles after company rejected potential suitors

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By Barbara Kollmeyer, MarketWatch


AFP via Getty Images
A man looks on in front of a booth at a Christmas market and fair in the Tuileries Gardens Paris on November 22, 2019.

European stock markets climbed upon returning from an extended holiday break on Friday, with the main index poised to set a fresh high on the heels of a strong session for Wall Street.

The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.24%  rose 0.4% to 420.55, which will mark new closing high if the gains last through the day. That would take out the record high of 418.86 reached on Tuesday, when the index gained 0.1%. With just a handful of trading sessions to go, the Stoxx 600 is poised for a 24% gain in 2019 — the biggest rise in a decade.

The German DAX 30 index /zigman2/quotes/210597999/delayed DX:DAX +1.33%  rose 0.5% to 13,374.76, the French CAC 40 index /zigman2/quotes/210597958/delayed FR:PX1 +1.79%  rose 0.5% to 6,057.08, and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +1.26%  gained 0.3% to 7,657.58.

Reports of blockbuster holiday sales from Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.47%  helped drive all three main U.S. indexes to record closes on Thursday, with the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.77%  closing above 9,000 for the first time.

Separately, data from China revealed industrial profits improved in November and U.S. stock futures pointed to potentially more records for Friday.

Retailers in Europe rose, with HUGO BOSS AG /zigman2/quotes/205761551/delayed DE:BOSS +5.43% up 0.7% and Marks & Spencer Group PLC /zigman2/quotes/206225481/delayed UK:MKS -1.24%   gaining 1%.

Drug, mining and energy companies stood out. Shares of BP PLC /zigman2/quotes/207305210/composite BP +2.88% /zigman2/quotes/202286639/delayed UK:BP +3.07%  rose 0.9% after oil prices closed at a three-month high on Thursday as a report showed falling U.S. crude inventories. The Energy Information Administration will release its report on U.S. crude stocks Friday.

Miners Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO +1.90%   /zigman2/quotes/202627887/composite RIO +1.71%  and BHP Group PLC /zigman2/quotes/203323256/delayed UK:BHP +1.52%   /zigman2/quotes/208108397/composite BHP +0.61%  rose 1.1% and 2%, respectively.

On the downside, shares of Qiagen NV /zigman2/quotes/208965936/delayed DE:QIA -0.61%  slid 18%, after the Dutch biotechnology group earlier in the week rejected potential suitors and said it would focus on its stand-alone business strategy.

Volumes are expected to be thin on Friday, as many European traders may stretch the Christmas break into the weekend, and may not return until after the New Year holiday.

/zigman2/quotes/210599654/delayed
XX : STOXX
349.75
+0.83 +0.24%
Volume: 0.00
May 27, 2020 5:50p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
11,657.69
+153.04 +1.33%
Volume: 168,966
May 27, 2020 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
4,688.74
+82.50 +1.79%
Volume: 177,960
May 27, 2020 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,144.25
+76.49 +1.26%
Volume: 1.49M
May 27, 2020 4:59p
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 2,410.39
-11.47 -0.47%
Volume: 5.06M
May 27, 2020 4:00p
P/E Ratio
115.14
Dividend Yield
N/A
Market Cap
$1207.97 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,412.36
+72.14 +0.77%
Volume: 4.07M
May 27, 2020 5:16p
loading...
/zigman2/quotes/205761551/delayed
DE : Germany: Frankfurt
26.60
+1.37 +5.43%
Volume: 16,754
May 27, 2020 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€190,396
loading...
/zigman2/quotes/206225481/delayed
UK : U.K.: London
99.06 p
-1.24 -1.24%
Volume: 21.72M
May 27, 2020 4:35p
P/E Ratio
79.89
Dividend Yield
3.94%
Market Cap
£1.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 23.93
+0.67 +2.88%
Volume: 9.54M
May 27, 2020 4:00p
P/E Ratio
20.01
Dividend Yield
10.45%
Market Cap
$77.93 billion
Rev. per Employee
$4.03M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
319.45 p
+9.50 +3.07%
Volume: 69.70M
May 27, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
10.65%
Market Cap
£62.29 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,259.00 p
+79.50 +1.90%
Volume: 2.77M
May 27, 2020 4:35p
P/E Ratio
11.15
Dividend Yield
8.23%
Market Cap
£67.55 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 52.34
+0.88 +1.71%
Volume: 2.21M
May 27, 2020 4:00p
P/E Ratio
10.69
Dividend Yield
7.30%
Market Cap
$64.11 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,571.80 p
+23.60 +1.52%
Volume: 5.91M
May 27, 2020 4:35p
P/E Ratio
10.80
Dividend Yield
7.17%
Market Cap
£78.29 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 46.21
+0.28 +0.61%
Volume: 2.08M
May 27, 2020 4:00p
P/E Ratio
12.43
Dividend Yield
6.19%
Market Cap
$67.63 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208965936/delayed
DE : Germany: Frankfurt
39.19
-0.24 -0.61%
Volume: 3,878
May 27, 2020 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€257,072
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Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.

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