- June 18, 2024
- By: Admin1_blog
- EU Market, Indices
Karen Gilchrist@_KARENGILCHRIST
KEY POINTS
- European stocks pushed higher in Tuesday trade, following a mixed start to the week.
- Investors are looking ahead to the Bank of England’s policy rate decision on Thursday.
LONDON — European stocks opened higher Tuesday after a mixed start to the trading week.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 8167.06 | 24.91 | 0.31 |
| .GDAXI | DAX | 18099.43 | 31.22 | 0.17 |
| .FCHI | CAC 40 Index | 7573.87 | 2.3 | 0.03 |
| .FTMIB | FTSE MIB | 33197.86 | 289.81 | 0.88 |
| .IBEX | IBEX 35 Idx | 10967.5 | 8 | 0.07 |
The Stoxx 600 index was up 0.68% in early deals, with all sectors and major bourses trading in the green. Travel and leisure stocks led gains, up 1.84%, while banks were also 1.28% higher.
It was a mixed day for markets on Monday. France’s CAC 40 rose 0.9%, after mixed morning trade as investors weighed the possibility of victory for the far-right National Rally party in the country’s upcoming parliamentary elections. The index fell more than 6.2% last week.
Investors are looking ahead to the Bank of England’s policy rate decision on Thursday. The Bank is widely expected to hold rates steady at 5.25%, with the majority of economists polled by Reuters forecasting an August cut.
Asia-Pacific markets rebounded overnight in Tuesday as Wall Street surged Monday, with investors awaiting the Reserve Bank of Australia’s interest rate decision. Meanwhile, S&P 500 futures are near flat Monday night after a winning day on Wall Street as investors gear up for May retail sales data.
Source : cnbc
