European Stocks Tread Water After Gaining in Best Week Since May

-- European stocks marked a subdued start to Monday following last week’s sharp rally, as investors awaited further clues on the US economy from the Federal Reserve’s Jackson Hole economic symposium.The Stoxx Europe 600 Index was flat by 8:12 a.m. in London, after posting the strongest weekly gain since May. The basic resources and auto sectors outperformed, while technology 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. “Markets remain in wait and see mode about the US economy, but investor sentiment is improving,” said Panmure Liberum strategist Joachim Klement. European business activity data due this week “will give markets more insights on how fast Germany and France are slowing down, creating new macro worries for markets.”US Stock Futures Rise

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Premarket: European stocks rise as traders wait for U.S. inflation dataHopes for Fed rate cuts grow
Herkunft: globebusiness - 🏆 31. / 66 Weiterlesen »

European stocks dip but U.S. futures rise as data calms nervesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Tech stocks weigh on European sharesEuropean shares opened lower on Thursday, mirroring the downbeat mood in Asian markets, as tech stocks weighed on the benchmark, although a raft of upbeat...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

European Stocks Fall to Lowest Since February in a Broad Selloff(Bloomberg) -- European stocks dropped, sending a regional benchmark to the lowest since February, amid a deepening global retreat sparked by concerns of a...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stocks plunge: Nikkei down 13%, European shares near six-month lowsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »