European stocks closed lower on Friday, amid concerns about the slow rollout of vaccines, a rise in the number of new Coronavirus infections and re-imposing lockdown measures in France, in addition to a the rise in U.S. Treasury bond yields. The STOXX Europe 600 index dropped by 0.76% and closed …
Read More »European Stocks Close Higher and Germany’s DAX Hits New Record High
European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year. The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020. …
Read More »German DAX Rises to a Record High, Supported by Carmaker Stocks
Auto stocks lifted the German DAX index to a record high Thursday, March 18th, while leading eurozone stocks jumped to pre-pandemic levels after the US Federal Reserve pledged to keep interest rates low despite anticipating increased economic growth. The index of the 50 largest companies in the euro area gained …
Read More »European Stocks Close Mostly Lower Ahead of Fed Statement
European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today. The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make …
Read More »European Stocks Close Higher Ahead of Fed Meeting
European stocks rose on Tuesday, amid positive expectations about economic recovery, and a positive performance by the auto sector after Germany’s Volkswagen announced positive forecasts for the industry. The pan-European STOXX 600 index gained 0.87% and closed at 426.75 points. Meanwhile, the French CAC40 added 0.32%, while the German DAX …
Read More »European Shares Rise, Supported by Positive Outlook
European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases. The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and …
Read More »European Stocks Finish Lower Despite Optimism
European stocks closed mostly lower on Monday, with markets turning their focus towards the upcoming central bank meetings in the United Kingdom, the United States, and Japan. The financial and mining sectors led the losses, while positive expectations towards recovering from the Coronavirus pandemic amid the rollout of vaccines helped …
Read More »European Stocks Rise And Danone jumps After Chief Executive is Ousted
European stocks rose today on the back of gains from French food company Danone and Swiss pharmaceutical company Roche, with optimism about a strong economic recovery easing concerns about an acceleration in inflation. The STOXX 600 index rose 0.7% in early trade, slightly close to its highest level last year, …
Read More »European Stocks Close Mixed but Record High Weekly Gains
European stocks declined on Friday, as Treasury bond yields resumed their upward trend, limiting their weekly gains that were boosted by yields declining and reflation fears easing. The STOXX Europe 600 index finished the last session of the week down by 0.26%, after three consecutive daily rises, narrowing its weekly …
Read More »Rising Bond Yields Are Putting Pressure on European Stocks
Higher bond yields pushed European stocks lower today, but the main stock exchanges are heading for strong weekly gains as stimulus and immunization campaigns from the Coronavirus raise hopes for a strong economic recovery. The European STOXX 600 index fell 0.4% in early trade, after a series of gains over …
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