News Formal

European stocks extend rally as focus shifts to Jackson Hole

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 50%

Asia News

Pacific Rim,Business,Europe

European stocks edged higher, extending last week’s sharp rally, as investors awaited further clues on the U.S. economy from the Jackson Hole economic symposium.

David Trainer, founder and CEO of New Constructs, joins BNN Bloomberg to discuss his outlook on the markets amid uncertainty.

The Stoxx Europe 600 Index was up 0.3 per cent by 11:17 a.m. in London, after posting the strongest weekly gain since May. The basic resources and retail sectors outperformed, while health care stocks were the biggest laggards. Europe’s benchmark index is recovering after sliding since mid-July, as investors await further economic data for clues on the health of the global economy. An improvement in technical indicators also suggests investors are back in risk-on mode.

 

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:

 /  🏆 83. 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.

Stock market today: US futures steady as countdown to Jackson Hole beginsStocks traded on both sides of the flat line on Friday after a strong week of gains had US stocks on pace for their best week of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »