European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recouped more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

‘The pain will go on’

Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against European stocks, and global markets still have a rough road ahead, according to Beat Wittmann, partner at Zurich-based Porta Advisors. Dalio’s Bridgewater Associates has … Read more

Global markets are tanking ahead of a huge week for central banks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON – Global stock markets are falling sharply after May’s US inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index … Read more

European markets open to close, stocks, data, US inflation

LONDON — European stocks slipped into negative territory on Tuesday amid nervousness over inflation, with the next reading of U.S. inflation due at the end of the week. The pan-European Stoxx 600 dropped 0.5% in early trade, with tech and retail stocks shedding 1.1% to lead losses as almost all sectors and major bourses slid … Read more

Tracking global sentiment as dollar weakens

LONDON — European stocks advanced on Monday as the U.S. dollar weakened, with traders easing expectations of aggressive monetary tightening from the Federal Reserve. The pan-European Stoxx 600 added 0.8% in early trade, with tech stocks climbing 2.5% to lead gains as most sectors and major bourses entered positive territory. Telecoms slid 0.5%. Shares of … Read more

European markets climb as global stocks look for rebound; Swedish Match up 24%

LONDON – European stocks advanced on Tuesday as global markets looked to rebound from a broad sell-off in recent days, prompted mainly by concerns over inflation and rising interest rates – and the potential for a global recession. The pan-European Stoxx 600 added 0.9% in early trade, with construction and material stocks climbing 2.3% to … Read more

investors monitor Russian energy supplies to Europe

LONDON – European stocks advanced on Thursday as investors reacted to a slew of earnings and continued to monitor developments in Ukraine, and Russia’s next move on its gas supplies to Europe. The pan-European Stoxx 600 climbed 1% in early trade, with autos jumping 2.2% to lead gains as all sectors and major stock exchanges … Read more

Fears over global growth dominate sentiment

LONDON – European stocks traded around the flatline on Wednesday as global markets remain mixed, with fears persisting over the global growth outlook. The pan-European Stoxx 600 index was trading 0.1% lower with several sectors in negative territory. Investors are also watching the halting of Russian gas supplies to Poland and Bulgaria closely. Gazprom told … Read more

European markets trade lower after Fed’s Powell signals a rate hike next month

European stocks fell in early trading on Friday after Federal Reserve Chair Jerome Powell said a half-percentage point rate hike is “on the table” for next month. The pan-European Stoxx 600 dropped by 1% shortly after stock markets opened, with the retail, tech and oil and gas sectors marking the biggest losses. Friday’s market open … Read more

ECB meeting, Russia-Ukraine on the agenda

LONDON – European stocks were cautious on Thursday morning as investors awaited the European Central Bank’s latest policy decision and tracked developments in Ukraine. The pan-European Stoxx 600 nudged 0.2% higher in early trade, with travel and leisure stocks gaining 1% while telecoms dropped 0.8%. In terms of individual share price movement, Hungary’s Wizz Air … Read more