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

Germany urges stronger European defense after U.S. reduces troops
World

Germany urges stronger European defense after U.S. reduces troops

Soldiers from the US Army in a simulated village during the Combined Resolve “Greywolves” exercise at the US military Hohenfels Training Area in Hohenfels, Germany, on Thursday, April 30, 2026. Photographer: Alex Kraus/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A planned drawdown of U.S. troops from Germany should spur Europeans to strengthen […]

Read More
Trump says he’s raising EU auto tariffs to 25% without clarifying how
World

Trump says he’s raising EU auto tariffs to 25% without clarifying how

President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies. “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged […]

Read More
Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’
World

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first […]

Read More