Latest Posts

European equities on course to end volatile September on bright note

imageStock Markets13 minutes ago (Sep 30, 2021 03:40AM ET)

(C) Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/Staff

(Reuters) – European stocks rose on Thursday, extending gains after a bruising sell-off earlier this week as lingering worries about slowing global economic growth and higher inflation put the main markets on course for a monthly drop.

The pan-regional STOXX 600 index rose 0.6% by 0718 GMT, led by defensive sectors such as real estate, healthcare and food & beverages, while miners rebounded from sharp declines fuelled by worries about China’s economy.

The benchmark is on track to end September with losses of 2.7% after a seven-month winning streak, as a surge in government bond yields drove investors out of high-growth sectors.

Among stocks, Sweden’s H&M rose 1.9% after it reported a bigger-than-expected jump in quarterly pretax profit as shoppers returned to stores, while spirits maker Diageo (LON:DGE) Plc gained 2.0% after it forecast a boost to operating margins as people opt for premium brands.

British online fashion retailer Boohoo tumbled 10.3% as it warned that freight inflation and higher wages for its distribution centre workers would impact full-year profit margins.

European equities on course to end volatile September on bright note

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Posts

Don't Miss