European shares held steady after a positive start to the week in Asia, while the banking sector added to Friday's sharp rally ahead of quarterly results from a number of big US lenders.[STOCKHOLM] European shares held steady after a positive start to the week in Asia, while the banking sector added to Friday's sharp rally ahead of quarterly results from a number of big US lenders.
The Stoxx Europe 600 Index was little changed in early trade, with the Stoxx bank index up 0.8 per cent. The media sector was also among the strongest, with Publicis Groupe SA up 2 percent after saying it will pay US$4.4 billion in cash to purchase Alliance Data Systems Corp's marketing unit Epsilon.
"The equity market bulls continue to have the upper hand, running victory laps last week supported by positive data from China and better US corporate earnings than expected," said Martin Guri, head of Nordic strategy at Kepler Cheuvreux. The main talking point among investors is still the progress in trade talks between China and the US, according to Mr Guri. Treasury Secretary Steven Mnuchin said that the US is open to facing"repercussions" if it doesn't live up to its commitments in a potential trade deal with China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 succumb to Wall Street downturnLONDON: European stock markets gave up early gains on Monday (Apr 8) to close mostly lower, dragged down by US markets worried about trade talks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European stocks climb before EU summitLONDON: Eurozone stock markets rose on Wednesday (Apr 10) ahead of a key EU summit, with the smart money on Britain winning a Brexit delay which ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Airline stocks lift European equities after Brexit delayAirline stocks helped European shares advance on Thursday after European Union leaders gave Britain another six months to leave the bloc, while ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Shares recover, airline stocks zoom on Brexit delay[BENGALURU] European shares ground higher on Thursday, buoyed by gains among bank and travel stocks, with risk appetite aided by a European Central Bank official expressing willingness to support the euro zone. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Shares end higher boosted by banks and auto stocks[BENGALURU] European shares finished higher for a third straight day on Friday, with investor sentiment getting a boost from JP Morgan setting a strong start to US earnings and amid signs of stabilisation in China's economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: London stocks dip on news of Brexit extension[LONDON] London stocks slid in opening deals on Thursday, but Frankfurt and Paris rose as investors digested news that Brexit has been delayed by up to six months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks tick up post ECB decision, banks fall[BENGALURU] European shares rose slightly on Wednesday as gains across most sectors offset losses among lenders, which were hit by a lack of detail in European Central Bank (ECB) comments after the bank left borrowing costs unchanged. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks steady before EU summit, ECB rate call[LONDON] Europe's main stock markets steadied in opening trade on Wednesday, before the EU's crucial Brexit summit and the European Central Bank's latest interest rate decision. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Shares fall as tech, auto stocks weigh[FRANKFURT] European stocks opened broadly lower on Monday following a week of strong gains, as dismal German trade data hurt auto makers and software company SAP dragged the tech sector lower after it announced another departure in its top management. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks edge lower as threat of US tariffs hits Airbus, suppliers[FRANKFURT] European shares opened slightly lower on Tuesday, weighed down by planemaker Airbus and its suppliers, which took a hit from proposed US tariffs, while an event-packed week kept investors cautious. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »