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

European Stocks Hold Steady as Key Events Unfold Globally

European markets traded in a narrow range on Monday, reflecting investor caution at the start …