European stocks

European stocks track Asian equities higher

European stocks inched higher on Friday, tracking a positive trading session in Asia, even as investors weighed risks from tighter monetary policies after the European Central Bank signalled a slowdown of its pandemic-era bond purchases.

The pan-European STOXX 600  index was up 0.2%, as of 0710 GMT, but was still on course to end the week lower amid worries over global economic slowdown.

News of a call between Chinese leader Xi Jinping and U.S. President Joe Biden offered some relief to battered Asian stocks, particularly tech companies that have come under heightened regulatory scrutiny in Beijing.

Miners and technology stocks were the top sectoral gainers in Europe, while telecoms fell the most.

French luxury goods maker LVMH gained 1.8% after HSBC recommended buying the stock, while Fresenius Medical Care  dropped 4% after J.P.Morgan cut rating on the stock to “underweight”.

The FTSE MIB climbed down by  0.01% to 25,912.30. In the cash markets, the DAX  Germany was trading down 0.06%  to 15,633.65. CAC 40  in France  rose  by 0.32 % to 6,706.22 while the FTSE 100  in the U.K. were up by 0.35% to 7,048.35. ,at the time of writing.

About Author

Related posts

Gem, jewellery exports rise 29% to Rs 23,259 cr in Sept following Covid disruption

Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council (GJEPC). In September 2019, the shipments were worth Rs 23,491.20 crore. For the April-September period, the shipments...

Read More
Best Stock To Buy Now

Top 5 Stocks To Watchout and Trade Today – October 15, 2021

1.APPLE:-Apple Inc was on a collision course with South Korea on Friday over new requirements that it stop forcing app developers to use its payment systems, with a government official warning of a possible investigation into the iPhone maker’s compliance. The development comes after South Korea amended the Telecommunication...

Read More

Leave a Reply