From CNBC:

Europe stocks closed at an all-time high on Thursday, with the Stoxx 600 index gaining 0.9% and surpassing its previous high from January 2022. Germany’s DAX rose 1.47%, France’s CAC 40 was up 1.27%, and the U.K.’s FTSE 100 increased by 0.3%. Euro zone manufacturing contracted in February, but the services sector saw growth. U.S. weekly jobless claims fell to 201,000, indicating strength in the labor market. Mercedes-Benz shares climbed 4% after beating earnings expectations, while Rolls-Royce shares jumped 8% following a more than doubling of annual profits in 2023. Nestle shares were down 4.8% due to lower than expected sales as inflation impacted consumer demand. Delivery Hero shares fell 6.2%, while Indivior’s shares rose 16.7% after recording a fourth-quarter profit.

On the global front, JPMorgan revealed favorite European stocks offering significant upside potential. In financial news, Morgan Stanley’s Jim Caron weighed in on the trajectory of Treasury yields. European markets were set to open higher on Thursday, with earnings due from various companies including Nestle, Rolls-Royce, and WPP.



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