Name: European markets close mixed after U.S. jobs report; BNP Paribas up 2.5%
Brand: cnbc.com
SKU: cnbc-com-103
Availability: OnlineOnly

critic

European markets close mixed after U.S. jobs report; BNP Paribas up 2.5%

preview

Key PointsLONDON — European stocks closed mixed Friday as investors looked to vaccine rollouts for hopes of normalization, while global markets flirted with record highs.The pan-European finished flat in Europe, with banks climbing 1% to lead gains and telecoms falling 0.8%. For the week, the index closed up 3.45% aided by a week-long rally in Italian assets.Corporate earnings season continued to drive individual share price movement, with , , and all reporting before the bell on Friday. BNP Paribas posted a net income of 1.59 billion euros ($1.90 billion) for the fourth quarter of 2020, beating analyst expectations of 1.2 billion euros, according to Refinitiv. The French lender's shares added 2.5%. shares jumped more than 14% after the British insurer voiced confidence in the outlook for 2021 despite swinging to a loss in 2020.At the bottom of the European blue chip index, Finnish engineering firm fell 6% after its fourth-quarter earnings report., with the major averages trying to finish their best week since November. The U.S. Labor Department reported that the U.S. added 49,000 jobs in January, while the unemployment rate fell to 6.3%, in the first employment report of the Biden administration. that it had requested authorization for emergency use of its single-dose Covid-19 vaccine from the U.S. Food and Drug Administration (FDA), and will apply to the European authorities within the next few weeks. Meanwhile, the EU's drug regulator said Thursday that it was assessing data on therapeutic antibody treatments for some outpatients from U.S. drugmakers Regeneron and Eli Lilly.

Key PointsLONDON — European stocks closed mixed Friday as investors looked to vaccine rollouts for hopes of normalization, while global markets flirted with record highs.The pan-European finished flat in Europe, with banks climbing 1% to lead gains and telecoms falling 0.8%. For the week, the index closed up 3.45% aided by a week-long rally in Italian assets.Corporate earnings season continued to drive individual share price movement, with , , and all reporting before the bell on Friday. BNP Paribas posted a net income of 1.59 billion euros ($1.90 billion) for the fourth quarter of 2020,...

public

Elliot Smith

cnbc.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

European markets close mixed after U.S. jobs report; BNP Paribas up 2.5%

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS