European shares rebound from dour week with central banks in focus
STOXX 600 up 0.8%
Entain up after beginning H2 ahead of expectations
Ubisoft biggest STOXX 600 decliner
Adidas falls after Barclays downgrades rating
Updated at 1610 GMT
By Pranav Kashyap and Lisa Pauline Mattackal
Sept 9 (Reuters) -European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the European Central Bank on Thursday.
The pan-European STOXX 600 index .STOXX closed 0.8% higher after falling 3.5% the week prior, its worst week since March 2023, as investors sought safer assets amid fears of a slowdown in global growth.
Major regional bourses advanced between 0.7% and 1% on Monday, with French stocks .FCHI leading gains.
Highlighting the persistent economic worries in the bloc, data on Monday showed investor morale in the euro zone fell for a third consecutive month in September, dropping to its lowest level since January.
Taking centre stage is the European Central Bank's rate decision on Thursday. Markets broadly anticipate the central bank will ease policy by 25 basis points and will be watching for any signals from ECB President Christine Lagarde on the possibility of further cuts this year.
"The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth," analysts at Danske Bank said.
"We expect Lagarde to confirm that it is entering the dialling back phase, but we do not expect a commitment to a specific timing of further rate cuts."
In addition to the central bank meetings, a slew of economic data is awaited, including inflation figures from the U.S., Germany, Spain and France, and British gross domestic product figures.
U.S. inflation figures will be closely watched for further signals on whether the Federal Reserve, which also meets later this month, will ease policy by 25 bps or 50 bps.
All of the STOXX 600 sector indexes were in the green, barring a 0.2% loss in real estate .SX86P, which took a breather after rising 4% the week before.
Travel and leisure .SXTP outperformed other sectors, rising 2.1%, lifted by a 5.3% gain in Entain ENT.L after the British gambling group said online revenue growth in the start of the second half of 2024 was better than expected.
Adidas AG ADSGn.DE lost 3% after Barclays downgraded the stock to "equal weight" from "overweight".
Ubisoft Entertainment UBIP.PA slumped 7% to the bottom of the STOXX 600. The stock was downgraded to a "neutral" rating by Cantor Fitzgerald, traders told Reuters.
Sofina SOF.BR, meanwhile, jumped nearly 12% after the company launched a second share buyback program.
ECB all but certain to deliver second rate cut this cycle https://reut.rs/4dQfaS6
Reporting by Pranav Kashyap in Bengaluru; Editing by Eileen Soreng, Mrigank Dhaniwala and Christina Fincher
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
