European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the pan-European STOXX 600 gained 0.3% to 564.
Technology stocks traded in the bloc closed sharply higher, following sentiment in US stocks that indicated a slight respite from last week's sell-off. Risk-sensitive sectors also benefited from Fed Chairman Waller's support for an interest rate cut next month. ASML rose 3% and Infineon jumped 3.5%, while Siemens and Schneider also closed higher.
Banking stocks also rose sharply, with Nordea and BBVA each rising 1.5%, while UniCredit and Intesa Sanpaolo weakened as major Italian banks withheld dividends. Meanwhile, Novo Nordisk plunged 6.5% after the company announced that its version of the Ozempic pill failed to slow the progression of Alzheimer's disease in a large trial. (alg)
Source: Trading Economics
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on ...
US stocks traded higher on Monday as markets kicked off a holiday-shortened Thanksgiving week. The S&P 500 rose 0.7%, Nasdaq gained 1.2%, and the Dow Jones advanced 120 points, with traders incre...
European stocks rose Monday, starting the new week on a positive note given renewed optimism that the U.S. Federal Reserve can cut interest rates next month. Fed rate cut hopes boost sentiment Europe...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still possible this year. His statement that labor market weaknes...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year. The blue-chip inde...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the...
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on progress in the Ukraine peace plan. The...
Gold (XAU/USD) traded slightly higher on Monday (November 24th) as investors considered developments in the Federal Reserve's monetary policy outlook alongside improving sentiment on risk assets. At the time of writing, XAU/USD was trading around...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...
European stocks rose Monday, starting the new week on a positive note given renewed optimism that the U.S. Federal Reserve can cut interest rates...