European Stocks Tread Water Ahead of US Inflation Data
Energy shares rose 1.7% as oil prices firmed and investors awaited U.S. inflation data for clues on Federal Reserve policy.
9 Articles
9 Articles
European stocks hold near record highs as investors await US inflation data
London: European shares traded near record highs on Wednesday as investors assessed corporate earnings and awaited key US inflation data, while escalating geopolitical tensions supported gains in defence and energy stocks.The pan-European STOXX 600 index was little changed at 660.17 points by 0837 GMT, remaining close to the record high reached on Monday and bringing its gains for the year to nearly 12%.Investors remained focused on developments…
European stocks pause near record highs as earnings optimism offsets ...
Despite the timid performance, the European exchanges renewed, once again, closing records on Monday (10), with the exception of the FTSE 100 from London. With a scarce economic agenda, the advance in the technology sector supported the indices, while the advance of oil prices contained the impetus of investors. The Stoxx 600 index closed with a slight high of 0.08%, at 660.75 points, the DAX from Frankfurt recorded marginal high of 0.02%, at 26…
The EuroStoxx50, which in the course of the publication of US inflation data in the afternoon had just outbid the peak reached on the previous day, closes 0.26 percent weaker to 6.533.99 points.
European stock markets ended the second day of the week with mixed performance. The Stoxx 600, DAX, and FTSE MIB rose, while the FTSE 100 and CAC 40 fell. The euro/dollar pair is trading at 1.154. Investors are watching US-Iran diplomatic initiatives.
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
