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April 22, 2020, 3:25 a.m. EDT

European stocks rise despite slumping oil prices as earnings roll in

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By Barbara Kollmeyer

European stocks were off to a firmer start on Wednesday, despite fresh losses for oil prices. The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP -1.01% rose 0.7% to 326.66. The German DAX /zigman2/quotes/210597999/delayed DX:DAX -1.44% and FTSE 100 indexes /zigman2/quotes/210598409/delayed UK:UKX -0.97% rose around 0.8% each and the French CAC 40 index /zigman2/quotes/210597958/delayed FR:PX1 -1.22% gained 0.2%. U.S. stock futures were also rising, with Dow industrials futures /zigman2/quotes/210407078/delayed YM00 -0.93% up 180 points. Investors looked past slumping oil prices, with Brent crude dropping 16% to $16.74 a barrel, levels not seen since 1999. Roche /zigman2/quotes/206324342/delayed CH:ROG +1.47% shares slipped despite the drugmaker reporting higher sales and backing its 2020 view. Shares of Akzo Nobel /zigman2/quotes/209835399/delayed NL:AKZA -0.04% , Randstad /zigman2/quotes/202421454/delayed NL:RAND -1.89% and CRH /zigman2/quotes/200809743/delayed IE:CRG -0.16% were all higher after those companies reported results.

/zigman2/quotes/210599654/delayed
XX : STOXX
407.85
-4.15 -1.01%
Volume: 0.00
Jan. 15, 2021 11:03p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
13,787.73
-200.97 -1.44%
Volume: 96,853
Jan. 15, 2021 6:30p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,735.71
-66.25 -0.97%
Volume: 713,361
Jan. 15, 2021 4:58p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
5,611.69
-69.45 -1.22%
Volume: 127,618
Jan. 15, 2021 6:05p
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 30,623.00
-286.00 -0.93%
Volume: 195,504
Jan. 15, 2021 3:59p
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/zigman2/quotes/206324342/delayed
CH : Switzerland: SWX
CHF 316.65
+4.60 +1.47%
Volume: 2.35M
Jan. 15, 2021 5:31p
P/E Ratio
21.16
Dividend Yield
2.84%
Market Cap
CHF267.61 billion
Rev. per Employee
CHF628,905
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/zigman2/quotes/209835399/delayed
NL : Netherlands: Euronext Amsterdam
89.76
-0.04 -0.04%
Volume: 683,750
Jan. 15, 2021 5:35p
P/E Ratio
31.83
Dividend Yield
N/A
Market Cap
€16.87 billion
Rev. per Employee
€274,438
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/zigman2/quotes/202421454/delayed
NL : Netherlands: Euronext Amsterdam
55.16
-1.06 -1.89%
Volume: 378,401
Jan. 15, 2021 5:35p
P/E Ratio
39.84
Dividend Yield
0.00%
Market Cap
€10.31 billion
Rev. per Employee
N/A
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/zigman2/quotes/200809743/delayed
IE : Ireland: Dublin
36.70
-0.06 -0.16%
Volume: 1.64M
Jan. 15, 2021 4:34p
P/E Ratio
19.35
Dividend Yield
2.22%
Market Cap
€28.96 billion
Rev. per Employee
€312,939
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