European stocks closed higher on Thursday as investors digested the regional and global economic outlook.
The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day.
It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green.
Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next meets on Dec. 9-10.
Traders are pricing in a 84.9% chance of a quarter percentage point cut from the Fed in December, according to the CME FedWatch tool.
On individual names, potential buyers are swirling German athletic brand Puma, according to reports by Bloomberg. Chinese sport multinational Anta Sports is among those working on a bid, the outlet reported, citing unnamed sources. Puma declined to comment when asked by CNBC. Puma shares ended the day up 18.9%, leading the European index.
Other big movers include defense stocks Rheinmetall, which advanced 1.24%, and Saab, which finished 2.5% higher, each paring earlier gains. It comes as U.S. officials continue to attempt to broker a peace deal between Russia and Ukraine.
Source : CNBC
Asian markets are projected to strengthen on Thursday, following Wall Street's rally, which has risen four consecutive days ahead of the Thanksgiving holiday. Japanese and mainland Chinese index futur...
Stocks rallied on Wednesday (November 26), pushing the major stock averages to their fourth straight day of gains ahead of the Thanksgiving holiday. The Dow Jones Industrial Average rose 388 points, ...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced 0.85%, France's CAC was up 0.88%, and the Swiss Market I...
European stocks are expected to open higher across the spectrum as expectations rise that the U.S. Federal Reserve will cut interest rates in December. The U.K.'s FTSE index is seen opening 0.25% hig...
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher after the S&P 500 rose 0.9% and the Nasdaq 100 ...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly...
Silver (XAG/USD) weakened slightly on Thursday (November 27th), trading around $53.25, down 0.15% at the time of writing. The precious metal remained rangebound amid thin liquidity due to the US Thanksgiving holiday. A modest rebound in the US...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to end the conflict in Ukraine, but that if not,...
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting...
Back-to-back calls between U.S. President Donald Trump and the leaders of Japan and China have so far done little to defuse the diplomatic spat...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced...