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Tag: Eoin Burke Kennedy European

Best week since April for European shares as UK, Swiss indices hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Best week since April for European shares as UK, Swiss indexes hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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European shares flag as ECB provides no momentum

European shares lagged their US peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe’s STOXX 600 ended the day down 0.46 per cent, while US stocks climbed higher in morning trading, […]

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Tech lifts euro zone stocks as Steinhoff sinks further

European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Investors recovered their risk appetite, pushing euro zone stocks up 0.2 per cent, with financials the strongest sector, helping the bank-heavy Italian and Spanish markets outperform strongly with gains of 0.6 […]

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Tech lifts euro zone stocks as Steinhoff collapses

European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Investors recovered their risk appetite, pushing euro zone stocks up 0.2 per cent, with financials the strongest sector, helping the bank-heavy Italian and Spanish markets outperform strongly with gains of 0.6 […]

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Euro stocks snap two-day run as FTSE gets budget boost

European shares slipped after two days of gains on Wednesday, led by the Dax, which was hit by a bounce in the euro as well as deadlock in attempts to form a new German government. The pan-European STOXX 600 benchmark closed 0.3 per cent lower, with the Dax falling 1.2 per cent following strong gains […]

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European stocks break losing streak

European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a market-wide sell-off made a comeback, though oil was a weak spot. The pan-European Stoxx 600 index climbed 0.8 per cent, with the cyclicals-heavy Dax up 0.6 per cent. Financial services, autos and […]

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