European markets start the new trading week higher as earnings season continues

European markets start the new trading week higher as earnings season continues


LONDON — European markets were higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings.

The Stoxx 600 index was up 0.21% by 9:50 a.m. London time, with most sectors and major bourses across the region trading in the green. Oil and gas stocks added more than 1.14%, while travel and leisure fell 1%.

The slew of earnings releases continues this week, with Heineken, Philips, Pearson and Associated British Foods all reporting during the session.

Philips shares jumped more than 10.5% in early deals after the company reported better-than-expected second-quarter earnings. Meantime, Heineken shares fell 7%, after the brewing giant’s first-half profit growth came in weaker than analysts had expected.

Investors are also looking ahead to the latest policy meetings from the Federal Reserve and the Bank of England for an indication on the path for interest rates.

Asia-Pacific markets climbed on Monday, with Japan’s Nikkei 225 leading gains in the region as the U.S. inflation print raised hopes for a rate cut. U.S. stock futures, meanwhile, were also higher ahead of a continued slew of corporate earnings stateside.



Source

Market concentration around AI darlings persists. It’s making investors worried
World

Market concentration around AI darlings persists. It’s making investors worried

The stock market continues to be extraordinary in the face of distressing headlines, but the growing concentration risk has more investors on edge. The S & P 500 is back at all-time highs as the bull case on Wall Street plays out. The artificial intelligence buildout is ramping up. Corporate earnings are topping expectations. Interest […]

Read More
Ivy League-trained psychologist: These 3 ‘very powerful’ steps will build your emotional endurance
World

Ivy League-trained psychologist: These 3 ‘very powerful’ steps will build your emotional endurance

Being recognized as a resilient person feels great. Weathering the tough moments that build resilience is less glamorous. Developing emotional endurance, or the ability to withstand stress or discomfort without letting negative emotions overtake you, can help that process feel less grueling and more like an opportunity to learn and grow, Columbia University-trained psychologist Becky […]

Read More
Stocks power to record highs again despite warning signs. Can the market’s strong run continue?
World

Stocks power to record highs again despite warning signs. Can the market’s strong run continue?

The market wants a Federal Reserve interest-rate cut soon, but it doesn’t want to need one. Wall Street economists are fixated on identifying tariff effects, yet stocks either celebrated or shrugged off three warm and sticky inflation readings this week, laboring to hold near record highs. The S & P 500 immediately processed a moderately […]

Read More