European shares retreated more than 1%, amid fears of a faster-than-expected global monetary policy tightening, while lower commodity prices dented mining stocks to their lowest level in a month. The pan-European STOXX 600 index fell 1.5%, to its lowest level in two weeks, while mining shares fell 4.2%. Asian stocks …
Read More »European Stocks Close with Modest Gains
European stocks returned to gains on Tuesday, closing marginally higher with investors closely following recent economic data that renewed concerns over the pace of recovery with the spread of the Coronavirus Delta variant. The STOXX Europe 600 index added 0.33 points, or 0.07%, to close at 473.78 points. The healthcare …
Read More »Eurozone Growth Confirmed at 2% in Q2
The European Union statistics office Eurostat said on Tuesday that the eurozone economy grew by 2 percent in the second quarter of the year, confirming its previous reading, as the easing of restrictions related to the Coronavirus stimulated economic activity after a brief recession. In a separate statement, Eurostat said …
Read More »European Stocks Closes Lower to ends Record-Breaking Rally
European stocks finished lower on Monday, opening the week with a negative performance that ends a 10-session record-breaking tally, the longest in about 14 years. Weaker than expected economic indicators in China are weighing on investors’ sentiment and risk appetite, with continuous concerns over the resurgence of the coronavirus with …
Read More »Weak Chinese data Halt Gains in European Shares
European stocks’ 10-day gains were halted Monday, August 16th, following an unexpected slowdown in China’s economic indicators, with commodity-related stocks posting the biggest loss. The STOXX 600 index of the most important European shares fell 0.5% in early trading, retreating from record levels last week. Oil and mining shares fell …
Read More »European Shares Set For Fourth Week of Gains
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 …
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