financetom
World
financetom
/
World
/
Yields, Earnings Lift European Bourses Midday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yields, Earnings Lift European Bourses Midday
Feb 10, 2025 4:14 AM

06:45 AM EST, 02/10/2025 (MT Newswires) -- European bourses tracked midday tracked higher midday Monday as traders weighed the earnings season, stable interest rates, and oil prices.

BP, the British oil giant, traded up 6.5% mid-session on the outlook for higher petroleum prices if international and US sanctions clamp down on Russian and Iranian crude shipments.

Property, tech, retail and oil stocks led broad gains.

Investors also eyed Wall Street futures signaling green, but uneven closes overnight on Asian exchanges.

In economic news, the Sentix Investor Confidence Index for the eurozone rose to negative 12.7 in February from negative 17.7 in January, the market research outfit reported.

The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.

The Stoxx Europe 600 Technology Index was up 0.8%, and the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index was up 1.2%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.3%.

The REITE, a European REIT index, rose 1.1%, and the Stoxx Europe 600 Retail Index inclined 0.8%.

On the national market indexes, Germany's DAX was up 0.2%, and the FTSE 100 in London was up 0.5%. The CAC 40 in Paris was up 0.3%, and Spain's IBEX 35 gained 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.38%.

Front-month North Sea Brent crude-oil futures were up 1.3% to $75.61 per barrel.

The Euro Stoxx 50 volatility index was down 0.4% to 16.64, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-Mexican peso propels Latam FX higher at start of 2025
EMERGING MARKETS-Mexican peso propels Latam FX higher at start of 2025
Jan 2, 2025
* Mexican peso rises after worst year since 2008 * Chile's economic activity increases in November * Brazilian airline Gol jumps after tax deal * MSCI Latin American stock index up 0.5%, FX index up 0.3% (Updates to mid-session trading) By Lisa Pauline Mattackal and Pranav Kashyap Jan 2 (Reuters) - Most Latin American currencies reversed course and moved higher...
FOREX-Dollar at two-year high on growth outlook, euro tumbles
FOREX-Dollar at two-year high on growth outlook, euro tumbles
Jan 2, 2025
* Dollar index highest since November 2022 * Sterling, euro tumble through technical levels * Yen pinned near five-month low * Bets on Trump policies leading to stronger dollar remain in place (Updates to U.S. afternoon trading) By Karen Brettell NEW YORK, Jan 2 (Reuters) - The U.S. dollar jumped to a two-year high on Thursday in the first day...
GLOBAL MARKETS-Stocks falter, dollar hits two-year high
GLOBAL MARKETS-Stocks falter, dollar hits two-year high
Jan 2, 2025
* U.S. stocks fall as Tesla drags * U.S. yields ease but 10-year Treasury still above 4.5% * Dollar continues recent strength, hits 2-year high (Updates with close of European markets) By Chuck Mikolajczak NEW YORK, Jan 2 (Reuters) - Global stocks fell on Thursday as early gains fizzled, continuing the year-end downdraft into the first trading day of the...
Nasdaq Dips Over 100 Points; Unity Software Shares Jump
Nasdaq Dips Over 100 Points; Unity Software Shares Jump
Jan 2, 2025
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 100 points on Thursday. The Dow traded down 0.62% to 42,280.33 while the NASDAQ fell 0.70% to 19,175.52. The S&P 500 also fell, dropping, 0.59% to 5,846.80. Check This Out: How To Earn $500 A Month From Acuity Brands Stock Ahead Of Q1 Earnings Leading and Lagging...
Copyright 2023-2026 - www.financetom.com All Rights Reserved