European stocks stabilized after opening slightly lower, a day after the European Central Bank adopted a less monetary easing tone than expected regarding stimulus, while the growing possibility of a Brexit without an agreement weakened risk appetite. The pan-European STOXX 600 index settled and is heading towards closing the week …
Read More »European Stocks Finish Lower After ECB Statement
European stocks closed lower on Thursday after the European Central Bank (ECB) decided to maintain interest rates unchanged amid recession fears. The Stoxx Europe 600 declined by 0.59% to close at the level of 367.48 points. Meanwhile, the UK’s FTSE100 finished lower by 0.16%. The French CAC40 and the German …
Read More »European Shares Rise, AstraZeneca Plummet Due to Halting Coronavirus Vaccine Trials
European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …
Read More »European Stocks Settled Lower
European stocks closed lower on Tuesday, continuing with its fluctuating performance after opening the week with a rise during Monday’s session. The Stoxx Europe 600 fell by 1.14%, while the UK’s FTSE100 declined by 0.12%. Similarly, the German DAX index dropped by 1.01%, while the French CAC40 finished lower by …
Read More »European Stocks Finish with Strong Gains
The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …
Read More »European Stocks Start the Week With Strong Performance
European stocks rebounded Monday (September 7th) after turmoil led by Wall Street on tech stocks kept sentiment tepid the previous week, as investors closely followed developments for a COVID-19 vaccine. Australia is expected to receive its first batch of a COVID-19 vaccine in January after it entered into an agreement …
Read More »European Stocks Post 1.9% Weekly Decline
European stocks closed lower on Friday, erasing earlier gains and turning to losses for the week, due to huge losses by tech stocks in Wall Street. The pan-European Stoxx 600 index finished lower by 1.1%, registering weekly losses of 1.9%. The UK’s FTSE100 lost 0.88% for the day and recorded …
Read More »European Shares Opened Lower on Weak Technology Sector
European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …
Read More »European Stocks Close Lower on Economic Data
The European stocks closed Thursday lower, on the back of mixed economic data, reversing most of its gains on Wednesday. The Stoxx Europe 600 index closed lower by 1.40%, while the UK’s FTSE100 plunged by 1.52%. In Germany, the benchmark DAX index finished lower by 1.40%, while the French CAC40 …
Read More »European Shares Open Higher Ahead of Services Sector Data
European stocks rose on Thursday, September 3rd amid signs of global economic recovery and hopes for further stimulus measures, with all eyes focused on domestic services sector data likely to show continued growth. The European Stoxx600 index rose 0.8% in early trade, tracking a strong session in Asia after a …
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