BERLIN, June 23 — European stocks hovered below record highs today as inflation worries overshadowed data showing a rise in June business activity, while shares in French luxury good makers tumbled on the back of a ratings downgrade from HSBC.
“The data doesn’t matter. The only data that matters is inflation,” said Keith Temperton, a sales trader at Forte Securities. The benchmark STOXX 600 pulled back from all-time highs last week following a surprisingly hawkish tone from the US Federal Reserve on inflation and monetary policy. The so-called value stocks were up between 0.7 per cent and 1.0 per cent by 0805 GMT, while growth-linked technology stocks were unable to hold on to an early rally tracking a record overnight finish in their US peers.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks end higher as Lagarde talks up economic growth | Malay MailFRANKFURT, June 22 ― European stocks rose yesteray, led by growth-exposed sectors as encouraging comments from central bank head Christine Lagarde boosted optimism over a speedy economic recovery this year. The pan-European STOXX 600 index ended 0.7 per cent higher at 455.23 points after falling...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo stocks open sharply higher on US bounceback | Malay MailTOKYO, June 22 ― Tokyo stocks opened higher today, rebounding from the previous session as Wall Street came back from a rout last week. The benchmark Nikkei 225 index gained 1.79 per cent or 500.60 points to 28,511.53 in early trade, while the broader Topix index was up 1.74 per cent or 33.03...
Source: malaymail - 🏆 1. / 86 Read more »
Miners, industrial stocks boost FTSE 100; Morrisons surges 35pc | Malay MailLONDON, June 22 ― London's FTSE 100 ended higher yesterday, helped by gains in mining and industrial stocks, while supermarket chain Morrisons was the top gainer on the mid-cap index following a proposed takeover offer. After falling as much as 0.98 per cent to its lowest since May 19, the...
Source: malaymail - 🏆 1. / 86 Read more »