Traders work on the floor of the New York Stock Exchange as US equities rebounded Tuesday after last week’s rout erased nearly $2 trillion from the S&P 500. Photograph: EPAEuropean markets made steady advances on the back of a solid showing for commodity firms as they also benefited from a positive return to trading in the US. Gains in London were modest compared with Paris, which rebounded strongly after President Emmanuel Macron’s coalition lost its majority on Sunday.
was the worst performer in the FTSE 350, slipping by 28p to 415.7p, as it was also hit by the announcement that its Spanish cabin crews would be looking to go out on strike for nine days in July.saw shares drop after it raised £578 million from investors, including its leadership team, through a discounted share placing. Ocado, which has also secured a £300 million finance facility, said funding from the share sale will be pumped into growth, particularly in its technology business.
Autos climbed 1.5 per cent to lead gains while utilities slipped 0.9 per cent. The positive trade for Europe comes as global markets appear to be staging a comeback rally after a tumultuous week last week.US equities rebounded Tuesday after last week’s rout erased nearly $2 trillion from the S&P 500. Treasuries retreated. The S&P 500 added 2.6 per cent, led by energy and consumer discretionary shares, while the tech-heavy Nasdaq 100 rose 2.9 per cent following the long weekend.was up 3.
The drop in Treasuries took the benchmark 10-year yield back toward 3.3 per cent. Sentiment this week is being helped by comments from US president Joe Biden that a US recession isn’t “inevitable, but the outlook remains parlous for investors weighing whether the market has bottomed. — Additional reporting Reuters and Bloomberg
I would never book with Ryanair ever again.
Good bye to fly by night joker oleary hopefully.
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