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Feb. 5, 2021, 4:40 a.m. EST

European stocks head for best week since November as investors wait for U.S. jobs data

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By Barbara Kollmeyer

European stocks were headed for the best weekly return since November amid a flurry of fresh earnings news on Friday, while U.S. equity futures also rose modestly ahead of a big piece of data — nonfarm payrolls.

The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP -2.15% rose 0.3% to 410.90, poised for a weekly return of 3.8%, the best since the week ended Nov. 13, when the index rose 5.1%. The German DAX /zigman2/quotes/210597999/delayed DX:DAX -2.43% rose 0.1% and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -1.37% was flat, but the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 -1.94% gained 0.9% thanks to a batch of earnings.

U.S. stock futures /zigman2/quotes/209948968/delayed ES00 -0.89% /zigman2/quotes/210407078/delayed YM00 -0.34% were slightly higher, led by Nasdaq-100 futures /zigman2/quotes/210219788/delayed NQ00 -1.51% . The S&P 500 /zigman2/quotes/210599714/realtime SPX -1.11% and Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.65% hit fresh records on Thursday, boosted by a drop in COVID-19 deaths and cases, corporate results, and encouraging weekly jobless claims.

Investors on both sides of the Atlantic will be focused on January U.S. jobs data , with expectations for a jobs gain of 55,000, according to economists contacted by Dow Jones Newswires and The Wall Street Journal. But the labor market continues to struggle from the winter onslaught of COVID-19.

U.S. drug company Johnson & Johnson  /zigman2/quotes/201724570/composite JNJ +1.10% said it had submitted an application for an emergency-use authorization to the Food and Drug Administration for its single-dose COVID-19 vaccine candidate.

In Europe, where cases are also starting to ease off amid tight restrictions, data from Germany revealed a bigger-than-expected drop in manufacturing orders for December.

Among stocks on the move, shares of Beazley /zigman2/quotes/209655690/delayed UK:BEZ -0.23% surged 13%, after the specialty insurer swing to a pretax loss for 2020, but said it was upbeat about its performance in 2021.

Shares of Vinci /zigman2/quotes/200895814/delayed FR:DG -0.75% jumped 5%, after the French construction company posted a sharp fall in profit due to the COVID-19 pandemic, but analysts cited a strong beat on free cash flow.

Carlsberg /zigman2/quotes/206906043/delayed DK:CARL.A 0.00% shares climbed over 3%, after the brewer proposed a bigger payout for shareholders as it posted a forecast-beating full-year net profit , citing cost cuts and a strong China rebound.

Shares of BNP Paribas /zigman2/quotes/206351084/delayed FR:BNP -2.73% rose 2%. The French bank reported a drop in fourth-quarter profit, hurt by record low interest rates and the pandemic, but forecast a rebound in revenue this year as the global economy picks up.

Sanofi /zigman2/quotes/206928357/delayed FR:SAN -1.35% /zigman2/quotes/201967021/composite SNY -0.52% shares rose 2%, after the French drug company swung to a profit for the fourth quarter of 2020, even as it posted a sales drop on the year.

Leading the decliners, shares of Finnish engineering group Neste /zigman2/quotes/202009726/delayed FI:NESTE -4.96% fell nearly 6% after reporting results, which included a drop in operating profit.

/zigman2/quotes/210599654/delayed
XX : STOXX
472.98
-10.37 -2.15%
Volume: 0.00
Jan. 21, 2022 3:58p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,525.25
-387.08 -2.43%
Volume: 64,664
Jan. 21, 2022 3:58p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,480.96
-104.05 -1.37%
Volume: 334,958
Jan. 21, 2022 2:58p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
7,054.44
-139.72 -1.94%
Volume: 55,736
Jan. 21, 2022 3:58p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,435.00
-39.75 -0.89%
Volume: 767,431
Jan. 21, 2022 9:03a
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 34,499.00
-117.00 -0.34%
Volume: 138,856
Jan. 21, 2022 9:03a
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/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 14,617.25
-223.75 -1.51%
Volume: 361,163
Jan. 21, 2022 9:01a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,433.17
-49.56 -1.11%
Volume: 569.60M
Jan. 21, 2022 10:13a
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,920.26
-233.76 -1.65%
Volume: 1.00M
Jan. 21, 2022 10:13a
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/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 167.06
+1.81 +1.10%
Volume: 1.64M
Jan. 21, 2022 10:12a
P/E Ratio
25.01
Dividend Yield
2.53%
Market Cap
$435.04 billion
Rev. per Employee
$679,695
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/zigman2/quotes/209655690/delayed
UK : U.K.: London
483.90 p
-1.10 -0.23%
Volume: 412,653
Jan. 21, 2022 2:55p
P/E Ratio
39.63
Dividend Yield
0.00%
Market Cap
£2.94 billion
Rev. per Employee
£1.36M
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/zigman2/quotes/200895814/delayed
FR : France: Euronext Paris
98.13
-0.74 -0.75%
Volume: 909,211
Jan. 21, 2022 3:58p
P/E Ratio
24.98
Dividend Yield
0.66%
Market Cap
€56.18 billion
Rev. per Employee
N/A
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/zigman2/quotes/206906043/delayed
DK : Denmark: OMX
kr. 1,200.00
0.00 0.00%
Volume: 438.00
Jan. 21, 2022 3:54p
P/E Ratio
28.11
Dividend Yield
1.83%
Market Cap
kr.160.66 billion
Rev. per Employee
N/A
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/zigman2/quotes/206351084/delayed
FR : France: Euronext Paris
62.36
-1.75 -2.73%
Volume: 2.64M
Jan. 21, 2022 3:58p
P/E Ratio
10.09
Dividend Yield
4.27%
Market Cap
€79.09 billion
Rev. per Employee
€524,808
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/zigman2/quotes/206928357/delayed
FR : France: Euronext Paris
91.67
-1.25 -1.35%
Volume: 1.50M
Jan. 21, 2022 3:58p
P/E Ratio
19.90
Dividend Yield
3.49%
Market Cap
€116.64 billion
Rev. per Employee
€364,101
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/zigman2/quotes/201967021/composite
US : U.S.: Nasdaq
$ 51.82
-0.27 -0.52%
Volume: 203,417
Jan. 21, 2022 10:12a
P/E Ratio
18.95
Dividend Yield
2.63%
Market Cap
$132.37 billion
Rev. per Employee
$434,064
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/zigman2/quotes/202009726/delayed
FI : Finland: Helsinki
41.76
-2.18 -4.96%
Volume: 495,200
Jan. 21, 2022 4:57p
P/E Ratio
24.29
Dividend Yield
1.92%
Market Cap
€33.74 billion
Rev. per Employee
€2.74M
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