Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset … Read more
LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.7% in early trade, with basic resources jumping 2.9% to lead gains as all sectors and major bourses entered positive territory. The higher open on Monday comes after the … Read more
LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recovered more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more
LONDON — European stocks inched slightly higher on Monday after a tumultuous trading week last week. The pan-European Stoxx 600 added 0.2% in early trade, with travel and leisure stocks climbing 1.1% to lead gains while construction and material stocks fell 1.2%. The modest gains for Europe today came after a turbulent week of trading … Read more
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 … Read more
LONDON — European stocks fell further on Friday as investors digested the European Central Bank’s latest policy meeting and looked ahead to a key US inflation print. The pan-European Stoxx 600 dropped 1.2% in early trade, with travel and leisure stocks shedding 1.7% to lead losses as all sectors and major bourses slid into negative … Read more
LONDON — European stocks are expected to open mixed Thursday as markets digest the latest signals from the US Federal Reserve regarding rate hikes. The UK’s FTSE index is seen opening 4 points lower at 7,526, Germany’s DAX up 7 points at 14,040, France’s CAC 40 up 2 points at 6,310 and Italy’s FTSE MIB … Read more
LONDON — European stocks were higher on Monday despite fears over the global economy dominating market sentiment of late. The pan-European Stoxx 600 climbed 0.6% by late morning, paring earlier gains. Oil and gas stocks added 1.8% as most sectors traded in positive territory. Cars slipped 0.3%. Siemens Gamesa shares jumped 6.3% to lead the … Read more
LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers concurrent hits from … Read more
LONDON — European stocks fell sharply on Thursday as global markets digested the latest inflation reading out of the United States. The reading has sparked concerns that a path of aggressive rate hiking lies ahead. The pan-European Stoxx 600 index dropped 2.2% in early trade, with basic resources falling 3.5% to lead losses as all … Read more