European Shares Rise With Earnings In Focus
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India, Jan. 14 -- European stocks rose modestly on Thursday to extend gains for the third straight session as positive Chinese trade data and hopes of a large stimulus under the Biden administration helped outweigh concerns over rising Covid-19 infections and the resultant lockdowns.
Investors shrugged off the first calculation from Destatis showing that the German economy suffered a deep recession after a ten-year growth period.
GDP fell 5 percent in 2020, in contrast to the 0.6 percent rise seen in 2019.
However, the economic downturn was less serious than in 2009, when GDP slid 5.7 percent.
In calendar-adjusted terms, GDP was down 5.3 percent versus a 0.6 percent rise in the previous year.
The pan European Stoxx 600 edged up 0.4 p...
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