European stocks rise sharply, FTSE helped by weak pound | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

LONDON, Sept 8 — World shares rose slightly led by Europe yesterday after last week’s rout in US tech stocks, though investors worried that any rally could be short-lived and valuations remained high against the backdrop of a global economy in recession. Market activity was subdued with the...

European bourses, which have fewer technology stocks compared with the United States, started the week in the black, driven by a 2 per cent gain in Germany’s DAX and London’s FTSE 100. — Reuters pic

European bourses, which have fewer technology stocks compared with the United States, started the week in the black, driven by a 2 per cent gain in Germany’s DAX and London’s FTSE 100. “It is almost inevitable that the perceived probability of ‘no deal’ will escalate over the coming weeks,” Goldman Sachs analysts wrote in a note.

“Our risk indices have begun to turn from their euphoria highs,” Jefferies said, adding that it was switching its weighting on the MSCI All-World index to “tactically bearish” in the short term.In Asia, China’s blue-chip index slipped 2.3 per cent as the possible US blacklisting of China’s largest chip maker, Semiconductor Manufacturing International Corp , hit tech firms across the board.The mood across Asian markets was tentative.

In currency markets, the dollar index gained 0.15 per cent in holiday-thinned trade yesterday, while traders shifted their focus to the European Central Bank’s meeting on Thursday. Most analysts don’t expect a change in policy stance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Tokyo stocks close higher after European markets rally | Malay MailTOKYO, Sept 8 — Tokyo stocks closed higher today as rallies in major European markets prompted investors to buy back following two days of declines. The benchmark Nikkei 225 index rose 0.80 per cent, or 184.18 points, to 23,274.13, while the broader Topix index gained 0.69 per cent, or 11.15...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia in sea of red as investors dump healthcare stocks | Malay MailKUALA LUMPUR, Sept 8 — Bursa Malaysia sank into a sea of red at mid-day as investors continued to dump their shares, especially healthcare stocks amidst a lack of fresh catalysts. Healthcare counters, namely Top Glove and Hartalega suffered the most among the top 30 index-linked counters. At...
Source: malaymail - 🏆 1. / 86 Read more »

Hong Kong stocks close with gains | Malay MailHONG KONG, Sept 8 — Hong Kong stocks finished in positive territory Tuesday, clawing back some of their recent losses on bargain-buying, with investors cheered by plans by the city government to further ease virus containment measures. The Hang Seng Index edged up 0.14 per cent, or 34.69 points,...
Source: malaymail - 🏆 1. / 86 Read more »