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European shares higher ahead of expected ECB rate cut
Inditex shares up on trading report (Il Sole 24 Ore Radiocor) - Milan, 05 Jun - Among specific shares, Inditex shares were up 4.09% following a strong trading report.
Inditex said its spring/summer collections continue to be very well received with store and online sales in constant currency between May 1 and June 3 up 12% versus the same period in 2023.
Sales in the first quarter rose by 7.1% on a reported basis, or 10.6% at constant currencies, to 8.2 billion euros.
In Milan trade, shares of the utility Enel gained 2.02% on the prospects of lower interest rates and after the European Commission gave the greenlight to an Italian renewable energy support mechanism for more immature technologies, including offshore wind energy.
AAA-Hob
(RADIOCOR) 05-06-24 13:33:43 (0362) 5 NNNN