Banks, construction shares lead rebound in Europe's STOXX 600
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Nov 20 (Reuters) -Europe's main stock index opened higher on Wednesday after a three-session decline, as construction and bank stocks led an overall market recovery, with most safe-haven bids taking a backseat amid easing geopolitical concerns.
The pan-European STOXX 600 .STOXX was up 0.6%, as of 0815 GMT, after touching a three-month low on Tuesday amid an investor rush to safe-haven assets.
The Swiss franc CHF= and U.S. government bond prices dipped, while the dollar =USD touched a one-week low in intraday trade.
A day after Russia lowered its threshold for a nuclear strike, Reuters reported Vladimir Putin's openness to discuss a Ukraine ceasefire deal with U.S. President-elect Donald Trump, which rules out major territorial concessions and Kyiv's plans to join NATO.
Focus is also on the U.S. President-elect's administration appointments, including the search for Treasury Secretary. Wall Street CEO Howard Lutnick will lead Trump's trade and tariff strategy.
Meanwhile, UK stocks .FTSE underperformed regional peers after domestic inflation came in above the 2% target last month, underscoring the Bank of England's cautiousness on rate cuts.
Among single stocks, Sage Group SGE.L jumped 17% after better-than-expected full-year operating profit and the software firm's expectations of continued margin progress this year.
La Française des Jeux FDJ.PA fell 5.5% after Credit Agricole Assurances unveiled plans to sell 2.2% of the French gaming group's share capital.
Reporting by Ankika Biswas in Bengaluru; Editing by Subhranshu Sahu
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
