European stocks closed slightly lower on Monday, following surges to new record highs by the end of last week. Mixed signals and a decline in Wall Street seemingly left their toll on the European stock exchanges. The pan-European STOXX 600 index closed marginally lower by 0.15 points to finish nearly …
Read More »European Stocks at an Unprecedented Peak Supported by The Auto Sector
European stocks rose on Monday, extending their rise to unprecedented levels, as optimism about a strong start to the business results season offsets worries about a return to the global incidence of COVID-19 cases. The pan-European STOXX 600 index rose 0.1%, the fifth consecutive session of gains, while a euro-zone …
Read More »European Stocks Achieve Longest Weekly Gains Streak in Three Years
European stocks maintained its rally on Friday to new record highs, finishing the week with another positive performance on the back of strong economic data and recovery signs. The STOXX Europe 600 index rose by 0.9% to settle at a new all-time high of 442.20 points. The auto sector, which …
Read More »European Shares Rise as Daimler Earnings Lift Automakers
European stocks hit a record high on Friday after strong data in the United States and China sparked optimism about a rapid economic recovery, while carmakers received a boost following better-than-expected earnings for Daimler. The pan-European STOXX 600 index added 0.1%, and is on track for its seventh straight week …
Read More »Wall Street Sees Another Record-Breaking Performance
The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday due to an improved investors’ sentiment and risk appetite in Wall Street and around the globe, after the release of positive economic data. The Dow Jones Industrial Average finished at an all-time high, closing above 34,000 …
Read More »European Stocks Hit New All-Time High
European stocks surged to a new all-time high on Thursday, supported by an improved risk sentiment among investors that resulted from positive economic data and earnings reports. The pan-European STOXX 600 index rose by 2.34 points, or 0.54%, to close at a new all-time high of 438.91 points. The mining …
Read More »European Stocks Rising to Record Levels Thanks to Corporate Earnings
European stocks hit a record high Thursday (April 15th) as rising commodity prices lifted mining companies’ shares, while some positive earnings reports dispelled concerns about the pace of immunization from COVID-19 on the continent. The European Stoxx600 index rose 0.3%, gaining for the third session, while mining and travel stocks …
Read More »Nikkei Closed Almost Unchanged as Technology Stocks Capped Gains
Japanese stocks closed slightly higher Thursday, April 15th, led by cycle-related companies that will benefit from the global economic recovery and banks that have tracked their US counterparts, while a decline in technology shares curbed gains. The Nikkei index rose 0.07% to 29,642.69 points, after briefly retreating after a major …
Read More »NYSE Mixed at Close but S&P 500 Scores Another Record High
The New York Stock Exchange (NYSE) finished Wednesday trading session on a mixed note. A rise in Treasury bond yields and the release of the Federal Reserve’s Beige Book, which lowered expectations for economic growth this spring, pressured stocks, especially the tech sector. Moreover, the Beige Book expected a rise …
Read More »European Stocks Close Mostly Lower on Positive Earnings Reports
European stocks closed mostly higher on Wednesday, amid investors’ optimism about earnings reports. The STOXX Europe 600 index rose by 0.22% to close at 436.71 points. Meanwhile, the UK’s FTSE100 finished higher by 0.71% with expectations for easing lockdowns. In France, the benchmark index CAC40 rose by 0.40%. On the …
Read More »