- European shares opened higher on Friday, powered by gains in blue-chip stocks, as investors remained optimistic after the European Central Bank hinted that it could begin interest rate cuts as soon as June.The basic resources index led sectoral gains, with its 2% rise tracking an uptick in base metals prices.
Stocks in major regional economies, such as Germany, France, Spain and Italy, gained between 0.5% and 1.0%. Among top movers, Varta slumped 32.6% to a record low and was on course for its worst day since September 2022 after the German battery maker said its restructuring plans would fail to make it profitable by 2026.gained 0.8% after data showed UK economic output grew for a second month in a row in February and January's reading was revised higher.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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.
Source: ForbesTech - 🏆 318. / 59 Read more »