On Tuesday, European stocks opened slightly higher, reaching their highest levels in two years, buoyed by gains on Wall Street the previous night. The European STOXX 600 index rose by 0.2 percent at 0825 GMT, marking its fifth consecutive session of gains. The positive sentiment in European markets was influenced …
Read More »European equities display a mixed performance
Title: European Stock Markets Navigate a Volatile Week Amid Key Events European stock markets exhibited subdued trading on Monday as the week kicked off with a host of significant events, heightening market risks. Key among these events is the Federal Reserve’s inaugural meeting of the year. As of 03:25 ET …
Read More »European stocks open higher supported by quarterly results
European markets opened higher on Friday, bolstered by positive quarterly results from luxury goods group LVMH and French liquor company Remy Cointreau. Traders were also evaluating the prospects of interest rate adjustments, a day after the European Central Bank (ECB) maintained its existing interest rates. As of 0819 GMT, the …
Read More »ECB holds key rates unchanged in January
The European Central Bank (ECB) announced on Thursday that it has decided to maintain key interest rates unchanged following its January policy meeting. The interest rate on the main refinancing operations will stay at 4.50%, the interest rate on the marginal lending facility at 4.75%, and the deposit facility rate …
Read More »ECB Rate Decision Preview: Will ECB resist rate cut for longer?
It is broadly expected that the European Central Bank will keep the interest rate unchanged this January at 4.00%, amid statements made by policymakers suggesting that it is still too early to talk about reducing interest.This scenario reinforces the European monetary authorities’ assertion that any future movement on the interest …
Read More »European stocks open flat, healthcare losses erase impact of mining gains
European stocks started trading on Tuesday with a relatively stable performance. Mining stocks experienced gains, partially offset by losses in healthcare stocks. Investors are anticipating the European Central Bank’s upcoming monetary policy meeting. As of 0822 GMT, the European STOXX 600 index settled at 472.66 points. Industrial and precious metals …
Read More »European stocks open higher, focus on ECB decision
European stocks started the week on a positive note, reflecting the gains seen on Wall Street, where the Standard & Poor’s index reached a record high in the previous session. Traders are eagerly awaiting the upcoming monetary policy decision from the European Central Bank scheduled for later in the week. …
Read More »European stocks open higher driven by financial sector gains
European stocks opened higher on Friday, supported by gains in financial stocks, though the main index was on track for a weekly decline after investors tempered their expectations for an interest rate cut following recent comments from policymakers. As of 0818 GMT, the European STOXX 600 index was up by …
Read More »Annual inflation in the euro area rises to in December 2023
Annual inflation in the euro zone increased to 9.2% in December 2023, marking a notable rise from its lowest level in over two years, which was 2.4% in November. This upward movement represents the first increase in inflation since April and is primarily attributed to energy-related base effects. Energy prices …
Read More »European stocks fell after the European Central Bank’s statements
European stocks experienced a sharp decline at the beginning of Wednesday’s trading session, influenced by statements from European Central Bank officials that diminished expectations of interest rate cuts. Additionally, lower-than-expected Chinese economic data contributed to a negative market sentiment. The European STOXX 600 index dropped by 1.2 percent as of …
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