The STOXX 50 edged up 0.2% and the STOXX 600 gained 0.6% on Friday, with both indexes on track to close the week approximately 1.8% higher, potentially marking a fifth consecutive weekly advance. Investors continued to weigh the prospects of a de-escalation in the ongoing trade war while keeping a close eye on the Russia-Ukraine peace talks.
On Friday, healthcare, telecommunications, and oil & gas sectors led the gains, while technology stocks lagged behind. Meanwhile, traders digested a fresh round of corporate earnings.
Shares of Richemont surged around 4% after the luxury goods group reported a better-than-expected 7% increase in Q1 revenues.
Swiss Re also posted strong results, with a 16% rise in quarterly profit, but the company's shares declined about 1%.
Source: Trading Economics
European stocks were on Thursday, with the STOXX 50 up 1% and the STOXX 600 gaining 0.6%, extending the previous session's rally that drove both benchmarks to fresh record closes. Technology shares we...
Asian markets opened higher, following a global rally that pushed world indexes to new records, despite the US entering its first government shutdown in nearly seven years. Japan, South Korea, and Aus...
Wall Street's indexes closed at record highs on Wednesday, buoyed by strong sector performance and optimism that the US government shutdown will be brief. Investors shrugged off the first day of the ...
Europe's STOXX 600 closed at a record high on Wednesday, with healthcare stocks leading the way after a U.S.-Pfizer deal reduced uncertainty in the sector, while investors digested the beginning of a ...
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S...
Gold held steady near a record high on Thursday (October 2nd), as rising expectations of further US interest rate cuts this year and political uncertainty stemming from the controversial US government shutdown boosted demand for the metal. Spot...
Oil prices edged higher on Thursday following losses in the previous three sessions as concerns about more disruption to Russian crude exports lent some support, though concerns about oversupply in the market capped gains. Brent crude futures...
The Hang Seng Index rose for the third day, climbing 1.6%, or 431.56 to 27,287.12 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.5%....
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on...
The Institute for Supply Management's (ISM) data showed the Manufacturing PMI edging higher to 49.1 in September, up from 48.7 in August and...