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European stocks rebound after unrest losses
European stocks rose to recover most of the losses caused by the turmoil in France earlier this week, as strong earnings encouraged investors to overlook the unstable economic and political situation. The STOXX 600 index increased by 0.92%, closing at 644.49 points, supported by company profits such as Randstad, which surpassed expectations, and EssilorLuxottica, which rose by 15.5%. The French CAC 40 also gained 1%, despite acts of violence that led to the deployment of additional military forces. Shares in sectors like automobiles declined; Carrefour fell by 13.8% after lowering earnings forecasts, and Michelin dropped by 7.2% due to reduced sales over the past nine months. Nonetheless, the overall European index has increased by about 8% since the start of the year, though it still lags behind the S&P 500, which has risen by 12.7%.
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