Home / Market Update / Forex Market / European stocks stabilize after a 3-day sell-off

European stocks stabilize after a 3-day sell-off

European stocks were flat on Friday after a three-day sell-off, as recent fears of slowing global economic growth were outweighed by strong expectations from retail giant Amazon and a number of other companies.

The pan-European Stoxx 600 index rose 0.1% by 0723 GMT, but was still on track to post its worst weekly performance in nearly a month.

Wall Street futures rose as strong expectations from Amazon outweighed negative expectations from Apple, ahead of the release of US jobs data.

French bank Credit Agricole rose 4.2 percent, as strong results from its consumer insurance and financing business helped it post positive quarterly earnings.

Italian state-owned bank Monte dei Paschi di Siena jumped 4.8 percent as it reported better-than-expected second-quarter profits.

Check Also

Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …