financetom
World
financetom
/
World
/
Tech Rally Helps European Bourses Gain Midday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tech Rally Helps European Bourses Gain Midday
Nov 14, 2024 5:31 AM

07:03 AM EST, 11/14/2024 (MT Newswires) -- European bourses tracked moderately higher midday Thursday as traders renewed their interest in tech issues after a solid earnings report from German tech conglomerate Siemens, and weighed odds for peace initiatives in Eastern Europe.

Property and energy stocks led gainers, while retail issues lagged.

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

The Eurozone gross domestic product (GDP) expanded by a seasonally adjusted 0.4% in Q3, while that of the broader European Union grew by 0.3%, reported Eurostat. On year, the Eurozone GDP was up 0.9% and the EU's rose by 1%.

The pan-continental Stoxx Europe 600 Index was up 0.8% mid-session.

The Stoxx Europe 600 Technology Index was up 2%, and the Stoxx 600 Banks Index gained 0.5%.

The Stoxx Europe 600 Oil and Gas Index was up 1.3%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.

The REITE, a European REIT index, rose 1.1%, but the Stoxx Europe 600 Retail Index declined 0.1%.

On the national market indexes, Germany's DAX was up 1.3%, and the FTSE 100 in London was up 0.4%. The CAC 40 in Paris was up 1.1%, and Spain's IBEX 35 gained 0.5%.

Yields on benchmark 10-year German bonds were lower, near 2.36%.

Front-month North Sea Brent crude-oil futures were up 0.2% to $72.45 per barrel.

The Euro Stoxx 50 volatility index was down 2.8% to 17.19, 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 >
European Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading
Nov 6, 2025
11:19 AM EST, 11/06/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were lower late Thursday morning, declining 0.1% to 1,589.29 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biotech firm Evaxion ( EVAX ) and biopharmaceutical company DBV Technologies ( DBVT ) , which rose 5.7% and...
Wall St drops as tech sell-off resumes; tariff, economic data uncertainty lingers
Wall St drops as tech sell-off resumes; tariff, economic data uncertainty lingers
Nov 6, 2025
By Twesha Dikshit and Purvi Agarwal (Reuters) -Wall Street's main indexes fell on Thursday, as technology stocks came under fresh selling pressure, while U.S. tariff concerns and uncertainty around the health of the economy kept investors on edge. Most tech stocks declined as worries over stretched valuations lingered, after a brief respite on Wednesday. Warnings of a market pullback from...
Asian Equities Traded in US as ADRs Ease in Thursday Trading
Asian Equities Traded in US as ADRs Ease in Thursday Trading
Nov 6, 2025
10:48 AM EST, 11/06/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts eased Thursday morning with the S&P Asia 50 ADR Index down 0.2% to 2,687.15. From North Asia, the gainers were led by automotive marketplace Token Cat ( TC ) and real estate tech company Eason Technology ( DXF ) , which climbed 9.5%...
European Equities Close Lower in Thursday Trading; Eurozone Construction Downturn Deepens
European Equities Close Lower in Thursday Trading; Eurozone Construction Downturn Deepens
Nov 6, 2025
12:28 PM EST, 11/06/2025 (MT Newswires) -- The European stock markets closed lower in Thursday trading as the Stoxx Europe fell 0.72%, Germany's DAX lost 1.27%, the FTSE 100 dropped 0.42%, France's CAC declined 1.36%, and the Swiss Market Index was down 0.52%. The eurozone construction sector activity continued to decline in October as the HCOB Eurozone Construction PMI Total...
Copyright 2023-2026 - www.financetom.com All Rights Reserved