Europe's benchmark STOXX 600 logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as concerns about tariffs under a Trump presidency hurting economic growth.
The pan-European STOXX 600 closed down 0.6%, with China-exposed sectors such as miners and luxury losing more than 3% each. Most major subsectors were in the red barring defensive sectors such as real estate and healthcare.
China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday, disappointing investors who had speculated on a fiscal bazooka. Metal prices retreated in response, weighing on miners such as Rio Tinto and Glencore.
"The optimism seen on Wall Street has been entirely absent from the UK index, as heavyweight mining stocks shed ground after the National Policy Committee failed to unveil anything of note," said Chris Beauchamp, chief market analyst at IG.
Source: Reuters
Asian stock markets fluctuated at the start of the week, following the modest gains in US stocks last Friday. Investors are now turning their attention to a series of key economic data ahead of the Fe...
European stocks ended Friday in positive territory as investors digested the end of a choppy month. The pan-European Stoxx 600 closed the session 0.2% higher, with major bourses and most sectors in p...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global equities showed signs of losing momentum and investors aw...
Asia-Pacific stock markets are expected to open slightly lower on Friday. Sentiment remains thin as US stock futures moved flat during the Thanksgiving holiday, while the Nasdaq Composite is on track ...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's se...
Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve's looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back,...
Asian stock markets fluctuated at the start of the week, following the modest gains in US stocks last Friday. Investors are now turning their attention to a series of key economic data ahead of the Federal Reserve's expected interest rate cut...
Oil prices rose again after OPEC+ confirmed plans to temporarily halt production increases during the first quarter. This Saudi Arabia-led decision is considered a response to seasonally weaker market conditions. Brent is now trading above $63 per...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers.
"Due to...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions...
European stocks ended Friday in positive territory as investors digested the end of a choppy month.
The pan-European Stoxx 600 closed the session...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global...