Home NewsStock Market News European shares: European shares bounce as cyclicals, growth stocks find footing

European shares: European shares bounce as cyclicals, growth stocks find footing

by WOOWinvest
0 comment
European shares: European shares bounce as cyclicals, growth stocks find footing


European shares opened higher on Monday, led by cyclical and growth stocks, after clocking falls in the previous week when a strong US jobs report rekindled bets of another aggressive rate hike by the US Federal Reserve.

The pan-European STOXX 600 index added 0.8%, steadying after snapping two weeks of gains on Friday.

Miners, technology and autos, among the hardest hit in the previous week, led early gains on Monday.

Focus shifts to a key inflation data from the world’s biggest economy later in the week, after global stock markets were spooked by data on Friday that showed a large increase in US employment.

Among other stocks, French utility company Veolia rose 3.3% as it confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion). (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy