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LONDON — European stocks advanced on Tuesday after sharp declines in global markets on Monday, amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high. The pan-European Stoxx 600 added 0.7% in early trade, with banks climbing 1.7% to lead gains as all sectors and major bourses moved … Read more
LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on … Read more
LONDON — European stocks were muted on Wednesday as investors prepare for the latest reading of US inflation on Friday. The pan-European Stoxx 600 hovered around the flatline in early trade, with retail stocks adding 1.8% while basic resources shed 0.7%. Credit Suisse shares fell more than 5% after the embattled lender warned that it … Read more
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major … Read more
LONDON — European stocks are expected to open higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine. The UK’s FTSE index is seen opening 16 points higher at 7,636, Germany’s DAX 45 points higher at 14,392, France’s CAC 40 up 14 points at 6,638 and Italy’s FTSE MIB … Read more
LONDON — European stocks retreated on Wednesday following the latest round of talks between Russia and Ukraine, aimed at finding a solution to the conflict. The pan-European Stoxx 600 fell 0.5% in early trade, with autos shedding 1.6% to lead losses, while oil and gas stocks gained 2.1%. In terms of individual share price movement, … Read more
LONDON — European stocks were little changed on Thursday as investors reacted to the US Federal Reserve’s first rate hike in years. The pan-European Stoxx 600 fractionally hovered above the flatline by mid-morning, with oil and gas stocks adding 1.1% while banks shed 1%. Global markets were digesting the Federal Reserve hiking its benchmark interest … Read more
LONDON — European stocks are expected to open higher on Monday ahead of further talks between Russian and Ukrainian negotiators. The UK’s FTSE index is seen opening 14 points higher at 7,160, Germany’s DAX 64 points higher at 13,721, France’s CAC 40 up 24 points at 6,296 and Italy’s FTSE MIB up 48 points at … Read more
LONDON — European stocks closed firmly lower on Tuesday amid reports that a significant Russian convoy is heading toward Ukraine’s capital Kyiv. The pan-European Stoxx 600 dropped 2.2% by the close, with travel and leisure stocks plunging 7% to lead losses as most sectors and major bourses slid into negative territory. Basic resources bucked the … Read more
LONDON — European stocks moved higher on Wednesday as investors continued to monitor the latest developments in the Russia-Ukraine crisis, while digesting a slew of corporate earnings. The pan-European Stoxx 600 added 0.8% in early trade, with cars climbing 2% to lead gains as most sectors and major bourses entered positive territory. Global markets were … Read more