European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere, while markets continued to assess key monetary policy decisions for the week.
The Eurozone STOXX 50 rose 0.2% to 5,467, and the pan-European STOXX 600 was flat at 555. The Bank of Japan kept interest rates unchanged as expected but surprised markets by announcing plans to begin unwinding its massive holdings of exchange-traded funds (ETFs). Traders also monitored a phone call between U.S. and Chinese Presidents Trump and Xi, with both leaders signaling progress on various issues ahead of their face-to-face meeting next month.
Santander, BNP Paribas, and Nordea rose nearly 2%, leading the banking sector. Meanwhile, Airbus and Safran rose 1.4% and 2.3%, respectively. In turn, plunging freight rates pushed Moeller Maersk shares down 6%. The STOXX 50 rose 1.4% this week, while the STOXX 600 was flat. (alg)
Source: Trading Economics
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...