European stocks declined on Tuesday, as markets continue to be affected by the rise in Treasury yields, amid a negative performance by tech stocks. The STOXX Europe 600 index fell by 0.52%, with the technology sector leading the losses and dropping by 1.8%. The German DAX index finished lower by …
Read More »European Stocks Close Lower as Treasury Yields Rise
European stocks declined on Monday, amid a continuous rise in Treasury bond yields and expectations for a surge in inflation. The STOXX Europe 600 index fell by 0.36% to close the first session of the week at the level of 413.39 points. Meanwhile, the German benchmark index DAX closed lower …
Read More »European Stocks Rise for Third Week in Row
European stocks rose on Friday, extending their gains for the third consecutive week, amid improved investors’ sentiment that was supported by positive earnings reports by leading listed companies and positive economic data that fueled hopes for recovery from the Coronavirus pandemic. The STOXX Europe 600 index finished higher by 0.5%, …
Read More »European Shares Rise on Positive Earnings From Hermes
European stocks rose as a positive earnings report from Hermes bolstered confidence in a broader economic recovery, but the benchmark STOXX is set to end a two-week winning streak on concerns about rising inflation. The European index rose 0.1%, while Hermes shares jumped 5.7%, as the manufacturer of Birkin bags …
Read More »European Shares Closed Lower as Bond Yields Rose And Inflation Worries
European stocks retreated from nearly a year highs on Wednesday as riskier assets shied away due to concerns about a potential inflation spurt and rising bond yields, while Gucci owner Kering led losses after announcing a drop in sales. The pan-European STOXX 600 index closed 0.7% lower, while the London …
Read More »European Stocks Decline as Treasury Yields Rise
European stocks declined on Wednesday, amid expectations for a rise in inflation and the surging Treasury yields. The pan-European STOXX 600 index finished lower by 0.78%, as most of the market sectors closed in red. The German DAX index dropped by 1.10%, while the French CAC40 closed lower by 0.36%. …
Read More »Rise in European stocks stops as focus shifts towards inflation and Kering plummets
European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …
Read More »European Stocks Mixed and Close Marginally Lower
European stocks closed marginally lower on Tuesday, amid a mixed performance by market sectors. The STOXX Europe 600 index declined by less than a single point to close nearly unchanged. The German index DAX fell by 0.32%, while the French CAC40 rose marginally by 0.01%. Meanwhile, the UK’s FTSE100 finished …
Read More »European Shares Hovering Near Year Highs and Mining Soar
European stocks are hovering near their highest levels in a year today, Tuesday, as investors are hopeful about a massive US stimulus package that will lead the growth of the global economy, while Glencore topped mining shares higher after a positive update. The pan-European STOXX 600 index rose 0.2%, after …
Read More »European Stocks Near Highest Level in a Year
European stocks closed higher on Monday, beginning the week with a positive performance on the back of an improved risk appetite and investors’ sentiment, with hopes for better vaccine rollouts and recovery from the coronavirus pandemic. The STOXX Europe 600 index finished the session higher by 1.3%, supported by the …
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