News Formal

Europe: Stocks clock best weekly showing in 2 months, French shares shine

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

[BENGALURU] European stocks posted their best weekly performance since early April on Friday, aided by strong gains in Paris, against a backdrop of hope among investors that central banks would support global growth with more accommodative policies. Read more at The Business Times.

[BENGALURU] European stocks posted their best weekly performance since early April on Friday, aided by strong gains in Paris, against a backdrop of hope among investors that central banks would support global growth with more accommodative policies.

The pan-European STOXX 600 gained 0.9 per cent, with Paris-traded stocks posting a 1.6 per cent gain. Frankfurt-listed shares rose 0.8 per cent, while their peers in London firmed 1 per cent. Technology shares, broadly sensitive to trade war ructions, starred with a 2 per cent gain. Chinese President Xi Jinping on Friday called US President Donald Trump his friend and said he believed the United States was not interested in rupturing economic ties with China.

While higher Brent crude futures fuelled energy shares' 1.2 per cent rise, Polskie Gornictwo Naftowe i Gazownictwo SA led the sector with a 3.5 per cent gain. A unit of the Polish firm bought a stake in the Norwegian King Lear deposit from Total E&P Norge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 15. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Stocks rise, shaking off pressure from Italy's banks[BENGALURU] European stock markets crept higher on Wednesday as defensive shares gained ground, but rising tensions between Italy and the European Commission over the country's debt dampened sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks hit by firm euro as Draghi shoos away hopeful doves[BENGALURU] Euro zone shares underperformed their broader European peers on Thursday, hit by a stronger euro after the European Central Bank matched investors' expectations in keeping rates untouched but refrained from providing as dovish an outlook as hoped. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks rise at open ahead of US jobs data[LONDON] European stocks climbed at the open Friday on easing trade war tensions and as markets looked ahead to key US jobs data. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »