European Stocks Gain as China Support Lifts Mood: Markets Wrap
European stocks opened the week on a positive note, following gains on Wall Street and a rally in Asia after China announced support for its equities market.
Topics
Posted 8/28/2023, 8:50:41 AM
yahoo.com
Relevant topic timeline:
Stocks around the world are starting the week on a positive note, despite the possibility of higher U.S. interest rates, with U.S. futures pointing to a modest boost for indexes at the opening bell.
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.
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.
Stocks are set to open slightly higher following a strong rally, as investors anticipate the release of the Labor Department's non-farm employment report and Apple's product event.
European markets are expected to open higher following UBS's strong quarterly results and positive economic data, while China's factory activity contracted and U.S. job growth slowed in August.
Wall Street stocks opened higher as new data showed easing inflation, boosting the Dow Jones and S&P 500, with investors taking heart from signs of a soft landing for the US economy.
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.
European stocks are set for a flat open as investors focus on the extension of oil production cuts by Saudi Arabia and Russia, while US and Asia-Pacific markets react to the decision.
Asian markets are expected to open on a defensive note due to concerns over Chinese trade activity, rising US bond yields, high oil prices, and a selloff on Wall Street.
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.
Stocks opened higher on Friday, with the Nasdaq rebounding from Apple's slide, following hints that the Federal Reserve may delay interest rate hikes in September.
Stocks are expected to open the week higher, with the S&P 500 up 0.5% in premarket trading, as investors look ahead to key U.S. economic data and show interest in companies such as Lennar, Arm, Tesla, and Oracle.
European markets are poised for a negative open as investors await U.S. inflation data for August, which is expected to show a year-over-year rise of 3.6%.
European markets opened positively as the European Central Bank suggested that its latest interest rate hike may be its last.
Global equity markets open the week with losses as cautious investor sentiment continues, following significant market slides in the US on Friday.