European shares hit new highs on Friday, August 13th, and are on track to achieve gains for the fourth consecutive week, thanks to optimism about a strong corporate earnings season and a steady recovery from the economic downturn caused by the pandemic. The pan-European Stoxx 600 index rose 0.1%, to …
Read More »European Stocks Maintain Rally and Hit New Record High
European stocks closed higher on Thursday, managing to break yet another record high rising the ninth consecutive session, supported by an improved risk appetite among investors who are monitoring earnings reports and merger and acquisition deals. The STOXX Europe 600 index added 0.52 points or 0.11% to close at a …
Read More »European Shares Stabilize on Strong Earnings And M&A Activity
European shares stabilized, trading slightly below record highs, as strong profits achieved by a group of insurance companies and mergers and acquisitions activities in Britain helped offset the decline in mining companies. The pan-European Stoxx 600 index settled in morning trading after eight consecutive days of record gains. British insurer …
Read More »European Stocks Log Another Record High
Europe’s stocks finished higher on Wednesday, continuing to hit new record highs as investors focus on earnings reports and economic data. The pan-European STOXX Europe 600 index rose by 2 points or 0.42% to close at 474.32 points, maintaining an upward trend for the eight consecutive sessions. This is the …
Read More »European Socks on Track For Longest Winning Streak Since June
European shares hit record highs and are on track to post their longest winning streak in two months, with a rally in banks and mining companies boosting investor sentiment already high thanks to a strong earnings season. The pan-European STOXX 600 index rose 0.2%, hitting an all-time high for the …
Read More »European Stocks Log Record Closing Level
European stocks finished higher on Tuesday, logging another record-high closing level and maintaining an upward record-breaking rally for the seventh consecutive session. The STOXX Europe 600 index added 1.64 points or 0.35% and hit a record 472.32 points. The UK’s FTSE100 gained 0.40%, the German DAX rose by 0.16%, while …
Read More »Travel And Tourism Sectors Push European Shares to a Record Peak
European shares hit a record high Tuesday, August 10, extending gains for the seventh consecutive session, boosted by travel and leisure companies as investors welcomed reports of strong results. The STOXX 600 index of European shares rose 0.2%, hitting an all-time high of 471.67 points. The travel and entertainment sector …
Read More »European Stocks Open Week at Another Record High
European stocks finished Monday at another record-high closing level with investors closely monitoring economic indicators and earnings reports. The STOXX Europe 600 index gained 0.71 points, or 0.15%, to close at an all-time high of 470.68 points. The pan-European index has maintained an upwards trend for six consecutive trading sessions, …
Read More »European Shares Mixed With The Decline in Commodity Prices
The performance of European stocks varied in early trading, as the leading British stock index was affected by the decline in commodity prices, while other indices in the region stabilized near their recent high levels with the end of the corporate earnings season. Shares of oil companies Royal Dutch Shell, …
Read More »European Stocks Score Third Consecutive Weekly Rise
European stocks finished nearly unchanged on Friday, ending their best week since mid-March, and maintaining an upward trend for the third consecutive week. The STOXX Europe 600 index gained 0.01 points to finish at 469.97 points, a new record high. The pan-European index added 8.23 points or 1.78% for the …
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