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European Stocks Rise; FTSE 100 Posts Best Gain In More Than 5 Years
Tuesday, 29 April 2025 00:22 WIB | MARKET UPDATE |SahamEropa

European markets closed higher on Monday, as investors digested a slew of key earnings and data releases in both Europe and the U.S. this week.

The Stoxx 600 closed provisionally higher by 0.5%, with travel and banking sectors leading gains.

Regionally, the FTSE 100 closed up 0.02% — its 11th straight day of gains and its best gain since late 2019. France's CAC 40 and Germany's DAX rose 0.5% and 0.06%, respectively.

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This week, French and German gross domestic product and inflation data due out on Wednesday will be closely watched, as will earnings from HSBC, BP, Deutsche Bank and Shell.

Elsewhere, Asia-Pacific markets are quiet as investors assess China's pledge to support domestic businesses and developments in trade negotiations between the U.S. and countries in the region.

On Wall Street, four of the "Big Seven" — Amazon, Apple, Meta Platforms and Microsoft — will release their quarterly results. Major companies such as Visa, Coca-Cola, Eli Lilly and Berkshire Hathaway will also be in attendance. (Newsmaker23)

Source: CNBC

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