European stocks rebounded on Friday after three sessions of declines, as the U.S. pause in Middle East conflicts eased investor concerns.
The pan-European STOXX 600 was up 0.4 percent at 537.98 points by 0708 GMT. The benchmark index was on track for a second weekly decline.
The Israeli-Iranian air war entered its second week and European officials are trying to get Tehran back to the negotiating table after President Donald Trump said any decision on potential U.S. involvement would be made within two weeks.
The news lifted the market mood and helped restore appetite for riskier assets that had been sold off during the week due to uncertainty about how long the conflict would last.
In the markets, travel and leisure stocks were the biggest gainers, up 1.1 percent, as oil prices eased.
In contrast, energy stocks were at the bottom of the index with a 0.7 percent drop, paring some of the week's gains.
Among stocks, Berkeley London was the biggest percentage decliner, down 8%. The housebuilder named current finance chief Richard Stern (US:PBHP) as its new CEO, but reported annual pre-tax profit slightly above market expectations. (alg)
Source: Investing.com
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations betwee...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Gold prices rose on Friday (July 18th), but were on track for a weekly decline as concerns about the US Federal Reserve's independence eased and strong US data emerged, while platinum rose to a nearly 11-year high. Spot gold rose 0.3% to $3,349.49...
Gold prices rose to a new daily high during the European session on Friday (July 18th), continuing their rebound from a low hit more than a week earlier. This increase was driven by a weakening US dollar following dovish remarks from Fed Governor...
The Hang Seng Index surged 327 points, or 1.3%, to close at 24,825 on Friday (July 18th), reversing two days of declines as all sectors rallied. The index hit a four-month high and rose 2.8% for the week, marking its second consecutive weekly...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...