European Stocks Rebound as Consumer, Retail Sectors Lead Gains

The Stoxx 600 Index was 0.4% higher as of 8:08 a.m. in London. Technology stocks rebounded from sharp losses on Thursday spurred by a slump in Apple Inc. amid concerns over Chinese curbs on the use of iPhones in government-backed agencies and state companies. All European sectors were in the green in early trading Friday, aside from energy stocks.

The main regional benchmark is poised to drop for the first week in three, as this year’s rally in European equities falters. Investors are tracking slowing growth and sticky inflation in the region, with central banks expected to hold rates higher for longer. The focus next week will turn to the European Central Bank’s meeting and US inflation data.

European equities experienced a 26th week of outflows at $66 million, according to a Band of America note citing EPFR Global data.Apple suppliers and the broader technology sector may extend declines after the iPhone maker fell for a second day on concerns over China curbs.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

European Stocks Erase Earlier Drop as Luxury, Drug Stocks Rise(Bloomberg) -- European stocks were flat, erasing an earlier decline, as some luxury stocks bounced back and drugmakers rose.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackStocks Retreat After Hot ISM Fuels Fed-Hike Wagers: Markets WrapImprisoned Billionaire’s Wealth Soars on 919% EV Stock RallyThe Stoxx Europe 600 Index was l
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

International small-cap stocks set for a rebound with tech leading the wayKabouter Management’s Nikhil Rastogi says there’s a ‘very high chance’ small caps will outperform other sectors because of high-quality companies persevering during tough times
Fonte: globebusiness - 🏆 31. / 66 Consulte Mais informação »

European stocks extend losses as economic slowdown jitters weigh(Reuters) - European stocks extended losses for a sixth consecutive session on Wednesday as worries about global economic slowdown and higher crude ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

European Stocks Slide For Sixth Day as Weak Data Hits SentimentEuropean equities opened lower on Wednesday, marking their sixth straight day of declines, as recent rise in oil prices and weak economic data increased uncertainty about the European Central Bank’s next move.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

European stocks fall for seventh day as global mood sours(Reuters) - European shares fell for a seventh consecutive session on Thursday, on track for their longest losing streak in more than five years, ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

European Stocks Poised for Worst Run Since 2018 After Weak DataEuropean stocks dropped for a seventh day, heading for their longest losing streak since 2018, as economic data from Germany further added to worries over the state of Europe’s biggest economy.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »