Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home Stock Market

European shares regain ground after brutal selloff last week By Reuters

tradingfxdaily by tradingfxdaily
December 19, 2022
in Stock Market
0
European shares regain ground after brutal selloff last week By Reuters
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Elon Musk Renews His Dogecoin Offer to McDonald’s

Elon Musk Renews His Dogecoin Offer to McDonald’s

January 28, 2023
Russia’s Yandex head steps down two weeks early By Reuters

Nestle unveils $100 million Colombia investment to grow capacity By Reuters

January 28, 2023
© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 16, 2022. REUTERS/Staff

By Amruta Khandekar

(Reuters) -European shares advanced on Monday, supported by energy sector, after a bruising selloff last week sparked by growing fears of a global recession as major central banks promised further interest rate hikes ahead.

The region-wide index was up 0.5% at 0913 a.m. GMT.

Energy stocks jumped 2.6% to spearhead gains in the index, as oil prices were supported by the prospects of demand recovery in top consumer China, although surging COVID-19 cases in the country after it relaxed some of its stringent curbs remain a cause of concern. [O/R]

Tech stocks and miners, among the worst hit sectors last week, added 0.5% and 1%, respectively. The tech sector had touched an over one-month low in the previous session.

“There could be a little bit of attempts at bargain-hunting going on given some of the losses, but there is still unease about what 2023 will bring,” said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.

The STOXX 600 has lost 12.5% this year on fears of a recession after the European Central Bank (ECB), like other major central banks, embarked on its aggressive rate-hike campaign to stem a surge in prices partly driven by the Russia-Ukraine war.

Recent signs of easing inflationary pressures had offered hopes of central banks signalling an end to their monetary policy tightening, lifting equities off their October lows.

However, the previous week saw such expectations take a major setback, with the STOXX 600 logging its worst week since September after the European Central Bank and the Federal Reserve stuck to their hawkish monetary policy stance.

Data pointing to slowing economic activity in the euro zone and the United States has only added to the gloom, as hopes of a so-called ‘Santa-rally’ heading into the year end fade.

“I will be surprised if a significant Santa rally does materialize. We’ve got the never-ending COVID story still causing problems in China and these concerns continuing about the extent to which central banks will have to raise rates,” said Streeter.

The ECB will hike interest rates further in the euro zone to combat high inflation, ECB’s Vice-President Luis de Guindos said on Monday.

Among individual companies, Freenet AG rose 3.6% after Deutsche Bank (ETR:) raised its rating on the German-based telecom provider’s stock to “buy” from “hold.”

AstraZeneca (NASDAQ:) slipped 0.3% after the drugmaker’s immunotherapy failed to meet the main goal in a study among patients with a type of lung cancer.

Source link

Share76Tweet47

Related Posts

Elon Musk Renews His Dogecoin Offer to McDonald’s

Elon Musk Renews His Dogecoin Offer to McDonald’s

by tradingfxdaily
January 28, 2023
0

A year ago, Elon Musk, the billionaire CEO of Tesla, launched a big challenge to McDonald's. At the time, the influence...

Russia’s Yandex head steps down two weeks early By Reuters

Nestle unveils $100 million Colombia investment to grow capacity By Reuters

by tradingfxdaily
January 28, 2023
0

© Reuters. FILE PHOTO: A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland August 20,...

American Express Numbers Show What Still Gets People to Spend Money

American Express Numbers Show What Still Gets People to Spend Money

by tradingfxdaily
January 28, 2023
0

Even though American Express  (AXP) - Get Free Report earnings announced Friday afternoon fell somewhat short of expectations for the quarter,...

Hypebeast to go Public Via Merger with Iron Spark I By Investing.com

U.S. secures deal with Netherlands, Japan on China chip export limit- Bloomberg By Reuters

by tradingfxdaily
January 28, 2023
0

2/2 © Reuters. FILE PHOTO: White House national security adviser Jake Sullivan addresses the daily press briefing at the White...

Nancy Pelosi’s Husband Attack Video Debunks Right Wing Troll Claims

Nancy Pelosi’s Husband Attack Video Debunks Right Wing Troll Claims

by tradingfxdaily
January 28, 2023
0

Video of the hammer attack that sent Paul Pelosi, husband of Congresswoman Nancy Pelosi, to the hospital with a cracked...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers

USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers

USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers

January 28, 2023
Vernon, B.C. centenarian who keeps local road clean named Good Citizen of the Year – Okanagan

Vernon, B.C. centenarian who keeps local road clean named Good Citizen of the Year – Okanagan

January 28, 2023
Elon Musk Renews His Dogecoin Offer to McDonald’s

Elon Musk Renews His Dogecoin Offer to McDonald’s

January 28, 2023
White House cryptocurrency ‘roadmap’ recommends against pension funds

White House cryptocurrency ‘roadmap’ recommends against pension funds

January 28, 2023
Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

January 28, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.09  -0.16%  
EURCAD=X 
$1.45  -0.28%  
EURJPY=X 
$141.13  -0.42%  
GBPUSD=X 
$1.24  -0.10%  
EURNZD=X 
$1.67  -0.27%  
AUDUSD=X 
$0.7106  -0.15%  
CADUSD=X 
$0.7514  0.10%