European stocks enter new quarter with small gains, chipmakers rally

The pan-European STOXX 600 index rose 0.2% in early trading, hovering just 3 points below its all-time high. The benchmark ended the first quarter with a 7.7% rise - its fourth straight quarter of gains.

European chip companies including ASML, ASMI, Infineon Technologies BE Semiconductor all rose between 1.8% and 4.4% after U.S. chipmaker Micron Technology issued an upbeat revenue forecast. Meanwhile, contract chipmaker TSMC said it plans to invest $100 billion over the next three years to increase capacity at its plants.

Wall Street stocks climbed overnight as investors pinned hopes on a strong U.S. economy as President Joe Biden unveiled a sweeping $2.3 trillion spending plan including investments in roads, railways, broadband, clean energy and semiconductor manufacture. French retailers and travel stocks came under pressure after the latest lockdown. Hotels group Accor inched up 0.3%, while catering companies Sodexo and Elior dropped almost 2%.

Might wanna divest from Corps in that top 49% FutureProof

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Netflix, Halliburton, CSX, Chipotle: What to Watch When the Stock Market Opens TodayHere’s what we’re watching ahead of Wednesday’s opening bell
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

Hollywood Stocks End Rollercoaster of a First Quarter With GainsInvestors have 'warmed to some of these names as they increasingly pivoted to direct-to-consumer offerings,' while some stocks have been hit by volatility. retweet
مصدر: THR - 🏆 411. / 53 اقرأ أكثر »

Small-cap value stocks still look cheap even after big rally, two fund managers sayJustin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investment highlight a handful of stocks that they say are still...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Earnings, metal rally spur record high for European stocksEuropean stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination in the continent.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »