European markets climb as U.S., Asia-Pacific stocks bounce back

European markets climb as U.S., Asia-Pacific stocks bounce back


Commercial office buildings in the City of London, UK, on Monday, Aug. 5, 2024.

Betty Laura Zapata | Bloomberg | Getty Images

LONDON — European markets were higher on Friday as they looked to shake off recent choppiness and follow Wall Street and Asia-Pacific stocks higher.

The pan-European Stoxx 600 was last 0.53% higher at 12:53 p.m. London time. Regional bourses and sectors were also all trading in positive territory. Mining stocks led gains and added 1.43%, while travel and leisure stocks added 1.27%.

Stock picks and investing trends from CNBC Pro:

Back in Europe, Hargreaves Lansdown and Lanxess are set to report quarterly earnings. On the data front, final July inflation prints are expected from Germany and Italy.



Source

France’s latest budget crisis poses risk to defense investment pledges
World

France’s latest budget crisis poses risk to defense investment pledges

The latest clash between French lawmakers over reducing the country’s hefty public deficit could see its defense spending pledges fall to the wayside, analysts say. That would come as a blow to the likes of Thales , Dassault Aviation , Safran and Leonardo -owned MBDA — domestic defense players that have rallied this year on […]

Read More
Microsoft fires two employees over breaking into its president’s office
World

Microsoft fires two employees over breaking into its president’s office

Pro-Palestinian demonstrators hold banners and signs as they protest outside the Microsoft Build conference at the Seattle Convention Center in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty Images Microsoft on Thursday said that it had terminated two employees who broke into President Brad Smith’s office earlier this week. The news […]

Read More
Qantas shares surge to record high as profit jumps on robust travel demand
World

Qantas shares surge to record high as profit jumps on robust travel demand

A Qantas Airways Boeing 737 aircraft takes off from Sydney International Airport in Sydney on August 18, 2025. David Gray | Afp | Getty Images Shares of Australian flag carrier Qantas rose to a record high Thursday after its full-year earnings results beat estimates, buoyed by resilient demand across its domestic and international networks. Qantas […]

Read More