European stocks rise, diverging from U.S. tech fears

Down 1.9% last week, the Stoxx Europe 600 SXXP, +1.28% rose 1.1%, with automobile makers including Renault RNO, +2.37% and Volkswagen VOW3, +3.35% advancing.U.S. stock futures, which will still trade despite U.S. markets being shut for the Labor Day holiday, were lower, particularly for the technology-oriented Nasdaq-100 NQ00, -0.74%.

SoftBank Group 9984, -7.15% shares dropped over 7% in Tokyo on Monday, after The Wall Street Journal reported the Japanese investment group bought $4 billion worth of options tied to around $50 billion worth of individual tech stocks. Germany reported a 1.2% rise in industrial production for July, which was a slower than forecast rise.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set for higher open in attempt to rebound from lossesEuropean stocks are set to open higher Monday as markets look to recover from consecutive losses fueled by the tech sector at the end of last week.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks set to trade lower as U.S.-China tech tensions rise; Chinese August trade data expectedInvestors will watch shares of Semiconductor Manufacturing International Corporation (SMIC), China's largest manufacturer of semiconductors, after a Defense Department spokesperson said the Trump administration is considering imposing export restrictions on the firm. Should be a certain percentage lapsed over a decade
Source: CNBC - 🏆 12. / 72 Read more »