European stocks rose on Thursday to their best level in about a year, supported by the dovish tone of the European Central Bank (ECB), which earlier today decided to maintain interest rates and signaled plans to expand its asset purchases in the coming quarter. Reduced fears about a reflation gave …
Read More »European Stocks Maintain Gains for Third Day in Row
European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …
Read More »European Stocks Fell, Led by Mining And Travel Sectors
European stocks fell on Wednesday, March 10, after rising close to pre-pandemic levels yesterday, as concerns about rising inflation kept investors anxious, and mining and travel stocks led the decline. The European Stoxx600 index fell 0.3%, after hitting its highest level since late February 2020 on Tuesday. Shares in economically …
Read More »European Stocks Close Higher as Treasury Yields Decline
European shares finished Tuesday higher, supported by the decline in U.S. Treasury bond yields, despite data showing a contraction in the Eurozone’s economy during the fourth quarter (Q4) of 2020. The STOXX Europe 600 increased by 0.86% and finished at 420.82 points. The German benchmark index DAX settled higher by …
Read More »European Stocks Finish Monday with Strong Gains
European shares finished Monday higher, opening the second week of March with a positive performance, as investor’s sentiment improved on the back of positive expectations of economic recovery, following the passing of the huge stimulus bill in the United States by the Senate. The STOXX Europe 600 index closed up …
Read More »Oil And Travel Support European Stocks
European stocks rose today to coincide with the rise of the US market at the end of trading on Friday, as shares of major oil companies such as Royal Dutch Shell and BP jumped with the rise in crude prices after reports of attacks on facilities in Saudi Arabia. The …
Read More »European Stocks Decline but Record Weekly Gains
European stocks closed lower on Friday, as rising Treasury bond yields continued to leave their toll on the market. The pan-European STOXX 600 index finished the day lower by 0.82%, limiting its losses that reached 1% earlier in the session, and managed to gain around 1.1% for the week. Travel …
Read More »European Stocks Declining Due to Disappointing Comments From Powell
The rise in US bond yields imposed new pressure on European stocks today, after comments made by Jerome Powell, Chairman of the US Federal Reserve, failed to assuage investor concerns about rising borrowing costs.Recently. The pan-European STOXX 600 index fell 0.9% in early trade, while travel, mining and financial services …
Read More »European Stocks Fall as Treasury Yields Rise
European stocks declined on Thursday as Treasury yields rose, with the pan-European STOXX 600 index losing 0.38%, after falling by 1% earlier in the session. The basic resources sector fell by 4.3%, while the utilities sector gained 1.7%. The French CAC40 index closed marginally higher by 0.01%, while the German …
Read More »European Stocks Close Mixed as Treasury Yields Rise
European stocks showed a mixed performance on Wednesday, as markets continued to monitor changes in Treasury yields and new economic data that signal signs of recovery from the Coronavirus pandemic. The pan-continental STOXX Europe 600 index closed nearly unchanged, after rising earlier in the session by as much as 0.7%. …
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