European stocks continued their recovery on Wednesday, September 23, from the heavy selling witnessed earlier this week, as investors awaited the latest data on business activity to see whether the economic recovery faltered as several countries re-impose restrictions related to the Coronavirus. The European Stoxx600 index rose 0.7% by 0712 …
Read More »European Stocks Rise Despite Uncertainty
European stocks closed higher on Tuesday, despite concerns about the rising number of COVID-19 cases across the continent and the prospects of renewed lockdown measurements. The STOXX Europe 600 index closed higher by 0.46%. The UK’s FTSE100 gained 0.43%, while the French index CAC40 levelled up by 0.40%. Meanwhile, the …
Read More »European Stocks Rising After Yesterday’s Losses
European stocks rose Tuesday 22 September after falling sharply yesterday as technology and healthcare stocks rose, but concerns about new restrictions due to the Coronavirus in Britain and elsewhere continued to put pressure on travel sector stocks. The European Stoxx600 index rose 0.5% by 0716 GMT, maintaining its gains after …
Read More »European Stocks Register Large Losses
European stocks finished the first session of the week lower, amid concerns over a second wave of the Coronavirus (COVID-19) pandemic across many European countries, as well as the banking sector facing serious legal allegations. The Stoxx Europe 600 index fell by 3.35% and closed Monday at 356.43 points. The …
Read More »European Stocks Decline on Fears of a New Lockdown
European stocks fell for the third session in a row on Monday, September 21, weighed by fears of a growing coronavirus infection on the continent and a fall in HSBC and Standard Chartered following reports alleging that the two British banks were involved in the transfer of illicit funds. The …
Read More »European Stocks Record Small Weekly Gains
European stocks closed lower on Friday, as the Stoxx Europe 600 index declined by 0.52% and finished at 369.31 points, rising by 0.24% for the week. The UK’s FTSE100 decreased by 0.71%, following the Bank of England’s (BoE) decision to maintain its main rate steady at 0.1%. Meanwhile, the German …
Read More »European Stocks Close Lower Following Fed Decision
European stocks closed lower on Thursday, one day after the US Federal Reserve vowed to maintain interest rates near 0% for around three years. The pan-European STOXX 600 index closed lower by 0.40%. Meanwhile, the UK’s FTSE100 declined by 0.47%, and the French CAC40 index fell by 0.69%. Likewise, the …
Read More »European Stocks Drop From Their Highest Level in a Month
European shares fell from a one-month closing high on Thursday after a disappointing response to the US Federal Reserve’s pledge to keep interest rates low for a long time. By 07:10 GMT, the Stoxx600 index was down 1.1% and is on track to end a four-session winning streak. The Fed …
Read More »European Stocks Settle Higher Awaiting Fed Statement
European stocks closed higher on Wednesday, amid anticipation for the results of the US Federal Reserve meeting. The Stoxx Europe 600 gained 0.43% and closed at 372.57 points. Meanwhile, the UK’s FTSE100 declined by 0.44%, amid Brexit uncertainty. In France, the benchmark index CAC40 edged up by 0.13%, while in …
Read More »European Stocks Close Higher
European stocks closed higher on Tuesday, continuing a positive rally this week amid anticipation for upcoming meetings by the US Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ). The Stoxx Europe 600 index finished higher by 0.77%, while the UK’s FTSE100 surged by 1.32%. Meanwhile, …
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