European stocks closed higher on Thursday (December 2nd), supported by a rebound in shares of major banks and automakers. The Eurozone STOXX 50 and the broader STOXX 600 both rose 0.5%. Inditex jumped 2.6%, extending its gains from the previous session after the conglomerate posted strong results and confirmed its full-year outlook.
Similarly, Stellantis rose 3.6%, extending this week's rally to more than 10% after its rating was upgraded by UBS. Mercedes-Benz, BMW, and Volkswagen each rose more than 3%, leading the broader auto sector's gains amid a rating upgrade from Bank of America. Santander, BNP Paribas, and BBVA each rose around 2%, leading the rebound in banking stocks.
Meanwhile, pharmaceutical giants closed lower, with Sanofi and Bayer down 1.3% and 2.6%, respectively. Consolidated bets that the Fed will cut interest rates next week remain in place despite strong US jobless claims data, providing support for European equities in afternoon trading. (alg)
Source: Trading Economics
European shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the U.S. Federal Reserve's overnight interest rate cut and assessed a policy decision from the Swis...
Both the STOXX 50 and the STOXX 600 slipped 0.2% on Thursday, marking a third straight session of losses for the former. Weak sales and profit forecasts from Oracle weighed on the tech sector, oversh...
Asia-Pacific markets opened higher on Thursday morning after the Federal Reserve delivered its third interest rate cut this year. The Fed cut the Fed Funds Rate by 25 bps to a range of 3.5%–3.75% and ...
European equities edged lower on Wednesday as investors adopted a cautious stance ahead of the Federal Reserve's policy decision, limiting risk taking across regional markets. The STOXX 50 fell 0.3%,...
European shares inched lower on Wednesday, as investors refrained from placing big bets ahead of the U.S. Federal Reserve's interest rate decision, while also parsing through a slate of corporate upda...
European shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the U.S. Federal Reserve's overnight interest rate cut and assessed a policy decision from the Swiss National Bank. The pan-European STOXX 600...
Silver climbed above $61 per ounce, extending a record rally as markets digested the Fed's 25 basis point cut and parsed Chair Powell's remarks which markets read as relatively dovish even as committee guidance remained cautious. The cut itself...
Gold prices surged tonight due to a combination of dovish sentiment from the Fed and market concerns about the future economic outlook. Following the interest rate cut and signals that the Fed is no longer aggressive about raising interest rates,...
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the U.S. Bureau of Labor Statistics. Due to the prolonged...
The latest survey data from the US Bureau of Labor Statistics has reported an increase in JOLTs Job Openings, a key indicator of the health of the...
European stocks edged higher on Tuesday (December 9th) as global investors awaited the US Federal Reserve's monetary policy update.
The...
US President Donald Trump has escalated trade tensions with Canada again after threatening to impose "severe" tariffs on fertilizer exports from the...