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European stocks continued to rise on Tuesday, with investors encouraged by North Korea’s decision not to follow through with its threat to attack U.S. island territory Guam following a war of words between the two nations. The Stoxx Europe 600 index SXXP, +0.04% advanced 0.3% to 377.41, adding to a 1.1% jump from Monday. The positive trading mood has been spurred by receding fears that the U.S. and North Korea are heading toward a nuclear war.
Despite all the focus on healthier eating and wellness, every now and again a person just wants a chocolate cake Twinkie. At least that’s what Hostess Brands Inc. TWNK, +0.69% is banking on. The company will focus on innovation and new product areas, or “white space,” in 2017, and has a lineup that includes twists on its well-known packaged sweets, all meant to broaden its portfolio.
European stock markets dropped from a 2016 high on Monday, with the recent rally in banks on pause as troubled lender Banca Monte dei Paschi di Siena SpA made a last-ditch effort to avoid a state bailout. The Stoxx Europe 600 index SXXP, -0.16% dropped 0.3% to 359.01, after closing at the highest level since Dec. 31, 2015 on Friday. The pan-European benchmark logged a 1.3% gain for the week, its second straight week of advances.
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