The pan-European Stoxx 600 rose 1.1% in early trading, with banks adding 3.4% to lead gains as all sectors and major exchanges traded in positive territory. EU heads of state had been in talks since Friday morning to discuss the proposed recovery fund and the upcoming EU budget, but there …
Read More »European markets react to EU summit, recovery fund, coronavirus
European stocks fell on Monday after European Union leaders meeting over the weekend failed to agree on a multi-million dollar recovery fund for the region to help it recover from the coronavirus crisis. The pan-European Stoxx 600 fell 0.6% lower in initial trade, with travel and leisure stocks falling 2.3% …
Read More »EU stimulus talks begin, US coronavirus cases on the rise
European stocks were mostly withdrawn on Friday morning as European Union leaders prepare to discuss a deal on the bloc’s key coronavirus recovery package, while US cases continue to skyrocket. After a cautiously optimistic open, the pan-European Stoxx 600 slipped 0.2% below the flat line for about an hour in …
Read More »European markets watch coronavirus spike weigh on sentiment
European stocks fell back on Tuesday when a surge in coronavirus cases began to weigh on global market sentiment. The pan-European Stoxx 600 fell 1.1% in the early afternoon, with tech stocks losing 3.1% to lead losses, while telecommunications resisted the trend of adding 1.2%. European markets follow their global …
Read More »Hope for vaccines and US data on the agenda
European shares traded higher on Thursday when world markets received a boost from news about the development of a possible coronavirus vaccine. The pan-European Stoxx 600 rose 1.3% mid-morning, with banks up 4% to lead gains as all sectors and major markets entered positive territory. European stocks are tracking global …
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