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Posted 8/24/2023, 6:39:00 AM

European markets climb on easing bond yields, blockbuster Nvidia earnings

European markets climbed on Thursday as a pullback in U.S. bond yields eased global borrowing costs, with tech stocks leading gains, while investors awaited comments from U.S. Federal Reserve Chairman Jerome Powell for insight into the path of interest rates.

cnbc.com

Relevant topic timeline:

8/21/2023

Stocks, yields rise as traders balance China, oil supply

European stocks rebounded and government bond yields rose again as oil prices firmed, despite smaller rate cuts by China than investors had expected, with hopes remaining for further stimulus.

8/22/2023

Europe stocks higher; Ubisoft rises 6% on restructured Microsoft-Activision deal

European stock markets were higher, with technology stocks leading the pack, following gains in Asian markets and a rebound in U.S. stock futures, while bond yields continue to rise. French game publisher Ubisoft Entertainment also saw a 6% rise after Microsoft submitted a new deal for its takeover of Activision Blizzard.

8/28/2023

European stocks higher after Fed chair signals more rate hikes possible

European shares traded higher as traders considered the possibility of higher interest rates from the U.S. Federal Reserve and awaited upcoming economic data, while U.S. stocks opened higher and Asian stocks rallied due to a stock market policy change in China.

8/30/2023

European markets poised to open higher after Wall Street rally

European stock markets are expected to open higher following positive moves on Wall Street, as investors anticipate fresh economic data and a potential pause in interest rate hikes by the Federal Reserve.

9/5/2023

European stocks open lower as sentiment sours; Novo Nordisk starts as Europe's most valuable firm for first time

European stock markets opened lower on Tuesday as the boost from Chinese stimulus measures faded, with construction and banking stocks experiencing the biggest falls, while Danish drug-maker Novo Nordisk became Europe's most valuable firm.

9/7/2023

European markets head for lower open as investors focus on euro zone economic data

European markets are set to open lower as investors await data releases and focus on economic data and interest rates, while global market sentiment has worsened; Asian markets were mostly lower and US stock futures were unchanged amid concerns over the Federal Reserve's interest rate policy; the British pound is lower after Bank of England Governor Andrew Bailey's comments on nearing peak rates; Goldman Sachs reveals its preferred sector in China and names two conviction list stocks; Boston Federal Reserve President Susan Collins says the central bank can proceed cautiously on future rate hikes; Morgan Stanley names a European bank as a top pick with 35% upside.

9/8/2023

European and Asia-Pacific Markets Mixed as Inflation Concerns Persist Despite Slight Easing

European markets opened higher on Friday, looking to rebound after seven consecutive sessions of losses, as investors assess weak Chinese data, higher government bond yields, and renewed inflationary concerns in the U.S. despite German inflation easing to 6.4% in August.

9/14/2023

ECB Raises Rates Again But Hints hikes May Pause as Economy Slows

The European Central Bank has raised its main interest rate for the 10th consecutive time to tackle inflation, but indicated that further hikes may be paused for now, causing the euro to fall and European stocks to rally.

9/15/2023

European stocks rally as ECB hints rate hikes may pause, luxury shares boosted by Chinese data

European markets opened positively as the European Central Bank suggested that its latest interest rate hike may be its last.

9/20/2023

European Stocks Rise ahead of Fed Decision; UK Inflation Eases Slightly

European markets rise as global investors await the U.S. Federal Reserve's monetary policy decision; retail stocks lead gains while oil and gas dip slightly, and U.K. inflation falls below expectations in August.

9/21/2023

Global Markets Cautious Ahead of Key Central Bank Meetings; Analysts Bullish on Chinese Tech and Small Caps

European markets are poised to open lower due to upcoming interest rate decisions from several central banks, while global markets react to the U.S. Federal Reserve's announcement to hold interest rates steady and raise economic growth expectations.