Saturday, 19 July 2025
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European Stock Rally Pauses
Thursday, 23 January 2025 16:10 WIB | MARKET UPDATE |

Both the STOXX 50 and STOXX 600 held near the flatline on Thursday, ending a seven-session winning streak that had pushed the former to a 2,000 high and the latter to a record. Traders took a breather as they closely monitored developments in U.S. policy under President Trump. Technology stocks led the decline after rallying in the previous session, boosted by Trump's announcement of a $500 billion investment in U.S. AI infrastructure. Meanwhile, the World Economic Forum in Davos remained in focus, with Trump scheduled to address attendees via video call. In the corporate sector, ASML Holding fell 3.4%, ranking among the session's biggest losers, while Puma shares plunged 14% after the company reported disappointing earnings. (AL)

Source: Trading Economics

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