- August 28, 2024
- By: Admin1_blog
- EU Market, Indices
Sophie Kiderlin@in/sophie-kiderlin-b327b914a/@SKiderlin
LONDON — European markets were higher at the open on Wednesday as investors looked to fresh earnings and economic data for clues about the outlook for stocks globally.
The pan-European Stoxx 600 was 0.2% higher at 8:06 a.m. in London, with most major regional bourses and sectors trading in the green. Insurance stocks added 0.53%, while mining stocks pulled back 0.68%.
European markets
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 8343.37 | -2.09 | -0.03 |
| .GDAXI | DAX | 18755.62 | 73.81 | 0.4 |
| .FCHI | CAC 40 Index | 7584.35 | 18.57 | 0.25 |
| .FTMIB | FTSE MIB | 33834.89 | 56.09 | 0.17 |
| .IBEX | IBEX 35 Idx | 11332 | 5.1 | 0.05 |
That comes after a choppy session on Tuesday, which saw the pan-European Stoxx 600 close slightly higher. Travel stocks led gains as the CEO of low-cost carrier Ryanair Michael O’Leary told Reuters he expects fares to fall by less than previously expected in the crucial July-September quarter.
Elsewhere, copper prices hit a near-six-week high on Tuesday, boosted by renewed demand and optimism about a Federal Reserve interest rate cut in September.
In Europe on Wednesday, data from the French statistics office showed that household confidence about the country’s economy rose slightly in August.
Earnings will come from Lego, Prudential, Novonesis and Brunello Cucinelli in Europe, as well as several major companies including Nvidia state side. Results from artificial intelligence heavyweight Nvidia could provide clues about the longevity of the tech and AI trade, and what could lie ahead for the sector which has been booming this year.
U.S. stock futures were last slightly lower early on Wednesday, with all eyes on Nvidia, after Wall Street had a winning day on Tuesday.
Asia-Pacific markets pulled back as investors weighed higher-than-expected July inflation figures out of Australia.
Source : cnbc
