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 …
Read More »European Stocks Record Weekly Gains
European stocks closed higher on Friday, for the second consecutive session, on the back of an improved investors’ sentiment following a slew of positive economic data. The STOXX Europe 600 index rose by 0.13%, its highest rise since May, to finish at 457.63 points, extending its weekly gains to 5.58 …
Read More »European Shares Near a Record High
European shares approached record highs Friday, June 25, as construction-related shares tracked a jump on Wall Street on the back of a bill on infrastructure spending, while Credit Suisse rose after Reuters reported that the bank is considering a possible merger with UBS. Shares of the scandal-hit Swiss bank surged …
Read More »European Stocks Close Higher
European stocks closed higher on Thursday, as positive economic data provided support for expectations for recovery from the negative impacts of the pandemic. The STOXX Europe 600 index rose by 3.94 points, or 0.87%, to close at 457.04 points. The pan-European index rose for three out of the last our …
Read More »European Stocks Decline for First Time in Three Sessions
European stocks closed lower on Wednesday, after rising for two consecutive sessions, despite concerns about the Federal Reserve raising rates soon to combat inflationary pressures eased by Chair Jerome Powell. The pan-European STOXX 600 index fell by 3.32 points, or 0.73%, to finish at 453.10 points. The French CAC40 index …
Read More »European Stocks Close Higher
European stocks closed higher on Tuesday, with a rebound in commodity prices providing support for the mining and energy sectors. The pan-European STOXX 600 Index gained 0.26% and closed at 456.42 points. Similarly, the blue-chip STOXX 50 index finished higher by 0.26% at 4,123.13. Meanwhile, the UK’s FTSE100 ended the …
Read More »European Shares Rise And Recovery Hopes Lift Banks And Mining Sectors
European shares rose to record levels today, as optimism about economic recovery from the Covid-19 pandemic led by the stimulus outweighed fears of global central banks tightening monetary policy earlier than expected. The pan-European STOXX 600 index rose 0.1%, with gains led by shares that are sensitive to the economy, …
Read More »European Stocks Rebound from Earlier Losses to Close Higher
European stocks closed higher on Monday, starting the week with a positive performance after rebounding from earlier losses. The STOXX Europe 600 index rose by 0.7% and closed at 455.23 points. Similarly, the STOXX 50 index finished higher by 0.71% at 4,112.33 points. The French CAC40 and the UK’s FTSE100 …
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