Archive for Tag: EUROPEAN MARKET

European Stocks Higher; UBS Shines on Profit Surge

European stock markets pushed higher Tuesday, rebounding after the previous session’s sharp losses, helped by a strong quarterly update from Swiss banking giant UBS. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 1% higher, the CAC 40 in France rose 1.3% and the U.K.’s FTSE 100...

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European Stock Futures Lower; Rising Covid Cases Dent Sentiment

European stock markets are seen opening lower Monday, with continuing concerns over rising numbers of Covid-19 cases globally weighing on sentiment. Oil prices are also falling as producers agree to increase output. At 2:05 AM ET (0605 GMT), the DAX Futures contract in Germany traded 0.4% lower, CAC 40...

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European Stocks Lower Ahead of ECB Strategy Announcement

European stock markets traded lower Thursday ahead of the publication of the ECB’s strategy review, handing back some of the previous session’s gains after a weak lead from Asia. At 4:05 AM ET (0805 GMT), the DAXin Germany traded 1.4% lower, the CAC 40in France fell 1.8% and the...

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European Stock Futures Edge Higher; Fed Minutes in Focus

European stock markets are seen opening marginally higher Wednesday, after the previous session’s sharp selloff, but investors remain cautious about the strength of the global recovery, the threat of the delta Covid variant and the potential for central bank tightening. At 2:05 AM ET (0605 GMT), the DAX Futures...

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European Stock Futures Lower; Rising Oil Prices Dent Sentiment

European stock markets are seen opening lower Tuesday, as inI saw european stock marketsvestors digest the collapse in talks over oil production levels between a group of major producers and the associated rise in prices. At 2:05 AM ET (0605 GMT), the DAX Futures contract in Germany traded 0.1%...

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Global shares fall on pandemic fears ahead of U.S. jobs report

Global shares retreated from recent highs on Wednesday, as Asian markets grew jittery about a resurgence of COVID-19 cases and Western markets awaited Friday’s U.S. jobs report and what it might mean for monetary policy. Asset markets have been buoyed over the past year by trillions of dollars in...

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Sharp rise in European sentiment helps stocks higher

European shares ended higher on Tuesday after data showed economic sentiment improved sharply in June, while Adidas lifted the German index with a share buyback plan. The pan-European STOXX 600 closed 0.3% higher at 456.37 points, after data showed eurozone economic sentiment hit a 21-year high in June as...

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Germany stocks mixed at close of trade; DAX down 0.34%

Germany stocks were mixed after the close on Monday, as gains in the Utilities Technology and Retail sectors led shares higher while losses in the Industrials, Transportation& Logistics and Insurance sectors led shares lower. At the close in Frankfurt, the DAX declined 0.34%, while the MDAX index lost 0.56%,...

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Stocks recover from 4-week lows as focus switches back to post-pandemic growth

Global shares extended their recovery on Tuesday from four week lows, as investors focused on prospects for post-pandemic economic growth, rather than fret more over the hawkish stance taken by the U.S. Federal Reserve at a policy meeting last week. European stocks looked set to build on gains in...

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