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Stock Market News – European equities broadly gain; US indices set to maintain positive momentum

Posted on July 26, 2017 at 1:48 pm GMT

European stock markets were broadly heading higher in today’s trading. US indices such as the S&P 500 and Nasdaq Composite closed at fresh all-time highs yesterday with energy stocks and financials leading the gains, while the blue-chip Dow Jones Industrial Average came close to achieving the same feat. The energy sector was supported by developments in the OPEC/non-OPEC sphere to extend the period of crude production cuts, as well as Saudi Arabia’s pledge to reduce oil exports starting next month. [..]

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Stock Market News – European stocks reverse into positive territory; US earnings week unfolds with more tech companies on radar

Posted on July 26, 2017 at 11:42 am GMT

All major European bourses advanced, rebounding after three days of declines amid a series of market reversals. The pan-European STOXX 600 advanced 0.80% led by strength among banks and commodity stocks. In the US, the S&P 500 and the Dow Jones opened higher, helped by strong earnings from Caterpillar and McDonald’s, but Google-parent Alphabet weighed on the tech-heavy Nasdaq. Financials rose the most during the European session supported by a jump in government bond yields in the region. Energy and basic [..]

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Stock Market News – Cars, airlines drag European stocks; US indices open flat as investors await earnings

Posted on July 26, 2017 at 11:42 am GMT

Major European bourses had a mixed performance day with the French CAC 40 and the FTSE MIB gaining, while others fell, with the pan-European STOXX 600 down a quarter of a percent. Among sectors, airlines and autos fared the worst. In the US, major indices opened broadly unchanged and close to last week’s record highs. European equities had a mixed start to the week with data showing the Eurozone economy mildly slowing down in July. IHS Markit said its PMI had fallen to 56.8 from 57.4 in June [..]

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Stock Market News – Sea of red for European bourses on strong euro; US indices weaken despite soft dollar

Posted on July 26, 2017 at 11:41 am GMT

All major European bourses declined but a number of blue chips swung into the black thanks to positive updates. The euro’s rally to a two-year high in the past 24-hours has seen the pan-European STOXX 600 turn downwards with the four main country indices falling by more than 1% today. Investors with positions in large European exporters got cold feet today due to the stronger euro, inducing a sea of red across European equity indices. Germany’s DAX fell by 1.6% by [..]

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