According to the latest headlines, the EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified. Citing two sources, RTE’s Europe editor, Tony Connelly tweeted that member states want to extend the deadline from the end of February to sometime …
Read More »European Stocks Turn to Weekly Losses
European stocks declined on Friday, closing lower after rising for three consecutive sessions, turning to weekly losses amid a rising number of new Coronavirus cases across the continent. The STOXX Europe 600 index finished lower by about 1%, turning to a weekly decline of 0.8%. In France, the CAC40 ended …
Read More »European Stocks Fell on Fears of Lockdown
European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery. The pan-European STOXX 600 index fell 0.5%, heading to close …
Read More »European Stocks Finish Higher for Third Day
European stocks closed higher on Thursday, registering gains for the third consecutive session, supported by the gains of the tech and travel sectors and a positive sentiment towards the anticipated rise in stimulus spending by the new administration in the United States. The pan-European STOXX 600 index finished higher by …
Read More »European Stocks Close Wednesday Higher
European stocks rose on Wednesday, supported by the rollout of Coronavirus vaccines and the effectiveness of preventive measurements against the pandemic’s new wave. The pan-European STOXX 600 index finished higher by 0.17%. The French index CAC40 closed higher by 0.21%, while the German benchmark index DAX rise by 0.11%. Meanwhile, …
Read More »European Stocks Poorly Performing, And Denmark’s Orsted Down Due to a Profit Warning
European stocks were largely unchanged on Wednesday as the utility sector was hit by a profit warning from Danish wind farm developer Orsted, while French grocery store Carrefour jumped after merger talks. Carrefour gained 10.6% after Canadian store operator Element Couche-Tard said it had contacted Europe’s largest retailer to discuss …
Read More »European Stocks Close Mostly Lower
European stocks closed Tuesday on a mixed note, amid concerns about the rising number of Coronavirus cases despite the rollout of vaccines. The pan-European STOXX 600 index closed nearly unchanged from its level at Monday’s close. The auto sector saw gains of about 1.7%, while the utilities sector lost 1.5%. …
Read More »European Stocks Recover With Higher Oil Prices And Travel Stocks
European stocks stabilized today, after falling in the last session, as investors looked forward to the next earnings season and focused on the possibility of further stimulus in the United States under the next president, Joe Biden. The pan-European STOXX 600 index rose 0.4%, with the oil and gas, travel …
Read More »European Stocks End Monday in Red
European stocks closed Monday lower, starting the week with a negative performance, affected by the rising numbers of new Coronavirus vases across the continent. The STOXX Europe 600 index finished lower by 0.7%, with the auto sector stocks leading the decline and falling by 1.7%, while the healthcare sector increased …
Read More »European Shares Down on Lower Commodities And Virus Concerns
European stocks retreated from a more than ten-month peak Monday (January 11th) as investors reaped profits after a strong week while increasing coronavirus cases on the continent and mainland China pushed energy and mining shares lower. The European Stoxx600 index was down 0.1%. The German index lost 0.4% and the …
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