European stocks opened lower on Wednesday, as investors expressed disappointment over a potential coronavirus vaccine. The Stoxx Europe 600 index , the German DAX and the FTSE 100 index all fell around 0.5% each. A report that dashed hopes over Moderna Inc.'s coronavirus vaccine candidate also left Asia stocks mostly weaker. That drug news drove a sharp rally for global equities at the start of the week. But U.S. stock futures indicated a rebound for Wall Street later, following Tuesday's weaker close. Shares of Marks & Spencer PLC jumped 5.7% after the retailer reported results.
European stocks opened higher on Thursday, with energy companies and the retail sector rising. The Stoxx Europe 600 index rose 0.7% to 336.60 and the German DAX index was up 0.4%. The FTSE 100 index rose 0.3%, while the pound gained after recent losses, after the Bank of England left key rates and its bond-buying program unchanged. U.S. stock futures rose as investors waited for weekly jobless claims data. Shares of BT Group tumbled 8% after the telecoms group said it would suspend its dividend until 2022 to fund a restructuring plan and deal with the pandemic. But those shares also fell as Liberty Global and Telefonica announced a merger of their U.K. operations in a 50-50 joint venture. Shares of Telefonica climbed 3%. Shares of Zalando SE jumped 11% after the online retailer's well-received results.
While the markets in the U.S. are closed, it’s business as usual for others. Why the stock market is rallying.
Stocks ended higher despite a report that the U.S. is taking steps to block semiconductor shipments to Huawei, as well as news that retail sales fell even more than expected in April.
European stock markets fell on Wednesday, taking a cue from sharp losses on Wall Street amid concerns investors have been too optimistic over the length of time it will take for economies to crawl back from the coronavirus pandemic.
European stock markets climbed Friday, tracking gains for U.S. equity futures with investors cheered by news of talks between top trade negotiators in the Washington and Beijing. That's as investors wait for a grim U.S. jobs report later. The Stoxx Europe 600 index climbed 0.7% to 340.25, while the German DAX rose 1.1% and the French CAC 40 gained 0.8%. London markets are closed for a holiday. Chinese Vice Premier Liu He was invited to speak with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin Friday morning Beijing time, and the two promised to create favorable conditions for a phase one trade deal, China’s state-run Xinhua News Agency reported. Shares of ING Groep NV rose nearly 7% after the Dutch bank despite a slump in profits as it set aside more provisions to cope with pandemic. Investors are waiting on April U.S. nonfarm payrolls, which is expected to show the economy lost more 20 million jobs.
European stock markets struggled on Wednesday, taking a cue from the worst finish on Wall Street in nearly two weeks on amid fears investors and markets are out of touch with reality over the length of time it will take economies to bounce back from the coronavirus pandemic.The Stoxx Europe 600 index fell 1% and the German DAX index fell 1.2%. Markets were keying off a warning from Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, against a premature reopening of the U.S.economy. The FTSE 100 index slipped 0.7% after the U.K. economy contracted 2% in the first quarter, which was slightly better than expected, though economists expect the worst is yet to come.
U.S. stocks slipped lower on Thursday, continuing the back-and-forth this week between expectations for a post-coronavirus economic recovery and concern over tensions between the U.S. and China.
European stocks opened higher on Wednesday, amid optimism over economic reopenings and speculation that the European Union will announce a massive stimulus program. The Stoxx Europe 600 index rose 0.4% to 350.36, the German DAX rose 0.3% and the French CAC 40 rose 0.5%. The European Commission is due to present its proposal for a bailout package, potentially backing efforts by France and Germany for a 500 billion euro fund to aid recovery efforts. Airline and travel shares extended Tuesday's gains, with International Consolidated Airlines Group SA up over 6% and TUI AG climbing 12%. U.S. stock futures indicated a stronger start for Wednesday, with Dow futures up over 150 points.
European stocks advanced at the open on Tuesday, tracking the reversal in sentiment on Wall Street from the previous session. The German DAX rose 1.4% and the U.K. FTSE 100 rose 1.4%. Shares of French oil major Total surged over 7% after maintaining its dividend. Futures on the Dow Jones Industrial Average rose over 200 points.
The euro swung higher, then lost gains, as markets reacted to a decision by top German court on the constitutionality of the European Central Bank's Public Sector Purchase Programme. While the court did not find a violation of the prohibition of monetary financing of Member State budgets, it said "the Bundesbank may thus no longer participate in the implementation and execution of the ECB decisions at issue, unless the ECB Governing Council adopts a new decision that demonstrates in a comprehensible and substantiated manner that the monetary policy objectives pursued by the PSPP are not disproportionate to the economic and fiscal policy effects resulting from the programme."
European stocks were headed for a modest weekly gain on Friday, in step with surging equity prices around the world as investors took news of a record climb in U.S. jobless levels in stride, and cheered news of progress on U.S.-China trade discussions
European stocks struggled for traction on Wednesday, on a busy day for earnings that overall reflected the deep difficulties facing companies amid the coronavirus outbreak.
European stocks climbed on Wednesday, amid reports the European Union will announce a bigger-than-expected €750 billion stimulus program for the region’s recovery efforts, and as investors continued to ride optimism over global recoveries.
European stocks traded higher on Thursday, with retailers leading gains, while shares of BT Group tumbled on news of a tie-up between Liberty Global and Spain’s Telefónica.
European stocks slumped Monday after a three-day break, reacting to increased U.S.-China trade tensions and a downturn in market sentiment after reaching May. The France CAC 40 fell 3.1% as the Euro Stoxx 50 declined by 3.2%, with the finance sector skidding, with Credit Agricole and Societe Generale each falling nearly 7%. The FTSE 100 edged 0.4% lower as the London Stock Exchange was open on Friday. Futures on the Dow Jones Industrial Average fell 155 points.
European stocks traded cautiously higher early Wednesday, amid an earnings deluge, but supported by gains for oil stocks. The Stoxx Europe 600 index opened flat, while the German DAX 30 index rose 0.4% and the FTSE 100 index added 0.3%. The Federal Reserve concludes its meeting Wednesday, while the European Central Bank will meet Thursday. Investors expect central bank to continue to offer verbal support to markets, though concrete measures aren't widely expected, given the big moves seen in recent weeks. After British Airways said it would cut up to 12,000 jobs, shares of International Consolidated Airlines Group slid over 4%. Airbus SE shares rose 2% after the aircraft maker posted a net loss and falling revenue. Deutsche Bank gained 2.9% and Barclays PLC climbed 5%, as each reported results.
European stocks fell on Friday, with investors spooked by news that China will tighten control over Hong Kong with a new security law, sparking fears of fresh unrest and an added stress on Beijing and Washington relations.
European stock markets slipped on Wednesday, triggered by concerns that arose during Wall Street’s session over a promising coronavirus vaccine. Elsewhere, earnings news lifted shares of Marks & Spencer and Experian.
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.