European stocks closed firmly higher to record sharp gains in the first week of August as markets continued to assess the outlook of the European economy amid uncertain tariff levels by the US and policy reactions by the ECB.
The Eurozone's STOXX 50 gained 0.4% to 5,354, a 3.6% gain on the week, while the pan-European STOXX 600 advanced 0.3% to 547, a 2.2% rise on the week. Banks continued to rise sharply in the session with BBVA, BNP Paribas, and UniCredit each gaining more than 2%.
In the meantime, Siemens advanced 2.2% following a volatile week while Volkswagen, Mercedes-Benz, and Stellantis also gained more than 2% each to set the pace for auto producers.
On the other hand, Munich Re sank 7.1% after releasing its earnings results. Also, Rheinmetall lost 1.5% on reports that the US and Russia might agree to conditions for a ceasefire in Ukraine.
Source : Trading Economics
The S&P 500 fluctuated on Friday (January 2), the first trading day of 2026, as gains in semiconductor stocks tried to keep the index steady. The benchmark index was last up 0.1%, while the Nasda...
Britain's FTSE 100 index on Friday briefly surpassed the symbolic 10,000 points marker for the first time, extending gains after a bumper 2025. The FTSE 100 index — home to the U.K.'s most valuable b...
European equity markets extended their rally on the first trading day of 2026, with benchmark indices pushing to fresh record highs despite thin liquidity following the New Year holiday. Gains were le...
Asia-Pacific stock markets are expected to open mixed on Friday, marking a cautious start to the new year. This movement follows the New Year's Eve close of US markets, where the three major Wall Stre...
European stocks ended mixed on the last trading day of the year. The pan-European Stoxx 600 index closed a shortened trading session 0.1% lower on Wednesday, with most sector indexes in negative terr...
The S&P 500 fluctuated on Friday (January 2), the first trading day of 2026, as gains in semiconductor stocks tried to keep the index steady. The benchmark index was last up 0.1%, while the Nasdaq Composite fell 0.1%. Both indexes had...
Oil prices fell on Friday (January 2), the first trading day of 2026, after posting their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuelan...
Gold and silver steadied at the beginning of the year after their best annual performances since 1979 as traders assessed the reweighting of a benchmark commodity index that starts next week. Bullion gained as much as 1.9% on Friday before paring...
European equity markets extended their rally on the first trading day of 2026, with benchmark indices pushing to fresh record highs despite thin...
Stocks were little changed Wednesday as Wall Street got ready to close out a bumper year for equities.
Stocks are riding a three-session losing...
European stocks ended mixed on the last trading day of the year.
The pan-European Stoxx 600 index closed a shortened trading session 0.1% lower on...
Russia and Ukraine have accused each other of attacking civilians during New Year's celebrations. Moscow said a Ukrainian drone strike hit hotels...