STOXX 600
European stocks close slightly higher; Prosus up nearly 16% on Tencent share sale plan
LONDON — European stocks closed slightly higher on Monday, as a positive trend seen at the end of last week’s trading lost some momentum. The pan-European Stoxx 600 index provisionally ended 0.6% higher, having traded up more than 1% earlier in the session. Mining stocks rose over 2% to lead the gains. In terms of […]
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European stocks log best session in more than 3 months; tech shares gain 3.8%
LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all […]
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The world can avoid a recession but it won’t think it can until it does, says David Roche
A “global recession depression” is unlikely to happen, but the world won’t think it can avoid one until it does, according to veteran strategist David Roche. “The likelihood is that the world is going to worry most about recession because what you’re describing is a lot of things going wrong at the same time, and […]
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Dalio is right to short Europe, strategist says: ‘The pain will go on for quite a while’
Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against European stocks, and global markets still have a rough road ahead, according to Beat Wittmann, partner at Zurich-based Porta Advisors. Dalio’s Bridgewater Associates has […]
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‘Profit recession’ warning as markets wait for aggressive central bank moves
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession. U.S. stock futures bounced in […]
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European stocks head for mixed open as global markets are rattled by central banks
LONDON — European stocks are expected to open in mixed territory on Tuesday after sharp declines in global markets on Monday amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high. The U.K.’s FTSE index is seen opening 23 points higher at 7,226, Germany’s DAX 44 points higher […]
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European stocks slide 2%, bond yields spike as traders fret over a possible recession
LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on […]
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Global markets are tanking ahead of a huge week for central banks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON — Global stock markets are falling sharply after May’s U.S. inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index […]
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European markets close lower after ECB meeting, U.S. inflation shock; Stoxx 600 down 2.7%
LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected U.S. inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday […]
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European markets cautious as investors gear up for U.S. inflation data; Credit Suisse down 5%
LONDON — European stocks were muted on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday. The pan-European Stoxx 600 hovered around the flatline in early trade, with retail stocks adding 1.8% while basic resources shed 0.7%. Credit Suisse shares fell more than 5% after the embattled lender warned that it […]
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