European stocks extend rally as focus shifts to Jackson Hole

📆 19/08/2024 08:16 a. m.
📰 BNNBloomberg

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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.

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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.
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