European stocks closed higher on Wednesday after the European Commission increased its expectations for economic growth in the Eurozone. The European Union is now projecting the Eurozone gross domestic product (GDP) to grow by 4.8% in 2021 and 4.5% for 2022. The STOXX Europe 600 index rose by 3.55 points, …
Read More »European Stocks Fall on Mixed Economic Data
European stocks closed lower on Tuesday after the release of mixed economic data and on the regional and local levels. Eurozone retail sales increased more than expected in May, by 4.6%, according to data by Eurostat. Meanwhile, industrial orders in German unexpectedly dropped by 3.7% in May, marking its biggest …
Read More »European Shares Fall After 3 Sessions of Gains
European shares fell in early trading after gains over three sessions, as a jump in commodity shares was offset by weak trading in Asia and a sudden drop in industrial orders in Germany. The pan-European Stoxx 600 index fell 0.1%, with auto stocks recording the biggest decline. Data showed that …
Read More »European Stocks Rebound From Earlier Losses at Close
European stocks finished higher for the third consecutive session on Monday, rebounding from earlier losses to begin the week with a positive performance, despite concerns about the new variants of the coronavirus. The pan-European STOXX 600 index rose by 1.55 points, or 0.34%, to close at 458.36 points. This marked …
Read More »Virus Fears Keep European Shares Below Record Levels
European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …
Read More »European Stocks Narrow Weekly Losses
European stocks closed higher on Friday for the second consecutive session, supported by a positive performance by leisure and travel stocks, despite losses by the banking stocks, which limited gained amid concerns about the Delta variant of the Coronavirus. The STOXX Europe 600 Index gained 1.18 points or 0.26% and …
Read More »European Stocks Maintain Monthly and Quarterly Gains
European stocks closed lower on Wednesday, amid concerns about the rising number of coronavirus cases, especially of the Delta variant, as well as reflation fears. The STOXX Europe 600 index lost 3.53 points, or 0.77%, and closed at 452.84 points. This market the biggest daily loss for the pan-European index …
Read More »European Stocks Finish Higher on Improved Sentiment
European stocks closed higher on Tuesday after data showed economic sentiment in the Eurozone rose to its highest level in about 21 years. The pan-European STOXX 600 index gained 0.31% to close at 456.37 points. The blue-chip EURO STOXX 50 index added 0.43% to finish at 4,107.51 points. The French …
Read More »European Stocks Finish Lower on COVID-19 Concerns
European stocks closed lower on Monday, amid concerns about the rising number of coronavirus (COVID-19) cases in a number of countries. The Stoxx Europe 600 index declined by 0.59% to finish at 454.94 points. Travel and leisure stocks took a strong hit and dropped by 4.3% over concerns about the …
Read More »Inflation Woes Keep European Shares Below All-Time Highs
European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …
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