European Stocks Cap Best Week Since March in Broad Risk-On Rally

-- European stocks extended gains for a fifth day as risk-on bets poured into this year’s beaten-down sectors as US jobs data bolstered speculation that the Federal Reserve is done with interest-rate hikes.Harvard, Yale Warned by Top Law Firms About Antisemitism

Among other stocks, BMW AG rose after the company’s automotive operating margin exceeded expectations in the third quarter, with premium vehicle sales helping offset a weakened global outlook for the industry. Danish shipping and logistics company A.P. Moeller-Maersk A/S slumped after announcing plans to cut at least 10,000 jobs in order to shield its profitability in a shipping market that is set to remain weak until about 2026.

Carter said the US economy continues to be “incredibly robust and in a strong position, especially when compared to peers,” noted that the job market will need to be closely watched for “signs that the US consumer and corporate America is in trouble.

Portugal Últimas Notícias, Portugal Manchetes

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

European Stocks On Track For Best Run Since July on Fed OptimismEuropean shares advanced for a fourth day, set for the longest winning streak since July, fueled by hopes that the Federal Reserve’s rate-hiking cycle is over.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

European Stocks Eye Best Week Since March Ahead of US Jobs DataEuropean stocks extended gains for a fifth day, putting the region on track for its best week since March 2023, as investors awaited the latest US jobs data for further conviction that the Federal Reserve’s tightening cycle is nearing an end.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

DFO assesses shrimp stocks; most stocks in the critical zoneThe Department of Fisheries and Oceans is ahead of schedule in its assessment of shrimp stocks in the Gulf of St. Lawrence.
Fonte: NTVNewsNL - 🏆 54. / 59 Consulte Mais informação »

Marketmind: Stocks clocking best week of the yearMarkets are betting central banks are done hiking interest rates, inflation is falling and corporate earnings are robust - and they now have just one more...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »