financetom
World
financetom
/
World
/
European shares rebound after worst weekly performance in over a year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European shares rebound after worst weekly performance in over a year
Sep 9, 2024 12:55 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

Sept 9 (Reuters) - European shares began the week on a

positive note after the benchmark index saw its worst day in

over a year on Friday, while investors await a slew of economic

data and expect the European Central Bank to cut interest rates

later in the week.

The pan-European STOXX 600 index was up 0.5% by

0711 GMT on Monday, after it logged its worst weekly performance

since October 2023.

All regional bourses also advanced.

Investors will parse through consumer price figures from

Germany, Spain and France set to drop later in the week.

Britain's employment and GDP data are due on Tuesday and

Wednesday, respectively.

However, taking centre stage, is the ECB's refinancing rate

decision due on Thursday, where it is widely expected to cut

rates by 25 basis points.

A 1% gain in tech stocks, boosted the benchmark

index.

The travel and leisure outperformed other sectors,

rising 1.3%. The sub-index was boosted by a 5.2% gain in Entain ( GMVHF )

after the British gambling group said the second half of

this year started better-than-expected.

Adidas AG lost 3% after Barclays downgraded the

stock to "equal weight" from "overweight".

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 >
PIMCO: French bond spreads could become attractive
PIMCO: French bond spreads could become attractive "not too far" from here
Jun 11, 2024
LONDON, June 11 (Reuters) - PIMCO, one of the world's biggest bond investors, said on Tuesday that spreads on French government bonds could become attractive in the not-too distant future. We didn't quite decide where, but at a certain point French spreads become attractive, PIMCO's CIO for fixed income Andrew Balls told reporters. Asked at what point that could be,...
CANADA STOCKS-TSX futures dip as oil, precious metal prices retreat
CANADA STOCKS-TSX futures dip as oil, precious metal prices retreat
Jun 11, 2024
June 11 (Reuters) - Futures tracking Canada's main stock index fell on Tuesday after oil and precious metal prices weakened against a firm dollar, while investors awaited key U.S. inflation data and the Federal Reserve's monetary policy decision due this week. Futures on the resources-heavy S&P/TSX index were down 0.5% at 06:24 a.m. ET (1024 GMT). Oil prices dipped about...
Election Picture Undercuts European Bourses Midday
Election Picture Undercuts European Bourses Midday
Jun 11, 2024
07:38 AM EDT, 06/11/2024 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday as traders digested French President Emmanuel Macron's move to hold snap national elections, starting on June 30. Bank and property issues led broad market declines while major French equity indices fell more than 1%. Investors also eyed Wall Street futures signaling red, and mostly lower closes...
Stocks Fall Pre-Bell Ahead of Fed Policy Meeting; Asia Churns, Europe Down
Stocks Fall Pre-Bell Ahead of Fed Policy Meeting; Asia Churns, Europe Down
Jun 11, 2024
07:06 AM EDT, 06/11/2024 (MT Newswires) -- US equity futures were tracking in the red before Tuesday's open ahead of the Federal Reserve's latest two-day monetary policy meeting. Standard & Poor's 500 futures and the Nasdaq decreased 0.2% each in premarket activity, while the Dow Jones Industrial Average was off 0.3%. Asian exchanges were mixed to lower while European bourses...
Copyright 2023-2026 - www.financetom.com All Rights Reserved