Up for four consecutive weeks, the Stoxx Europe 600 SXXP, +0.23% rose 0.7%, putting the index on track for another record finish.
U.S. stock futures ES00, +0.12% edged higher, after the S&P 500 SPX, +0.19% closed at a record high on Friday, its 28th new milestone of 2021.“The overriding impression from the last few days’ events appears to be that bond markets and investors in general appear to be buying the central bank narrative that the current high levels of inflation are transitory and will soon pass,” said Michael Hewson, chief market analyst a CMC Markets U.K.Reports that the U.K.
Koninklijke Philips PHIA, -4.61% dropped 4% in Amsterdam, after starting a recall in the U.S. for its first-generation DreamStation sleep and respiratory-care product family, which has led to a €250 million charge. Philips had already recorded a €250 million provision on the product. It said it was keeping its adjusted operating profit guidance for the year because of the strength of other businesses.
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