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European markets close higher to kick off November trading; Barclays falls

Soegeefx AppsEU MarketEuropean markets close higher to kick off November trading; Barclays falls

Key Points

  • Investors are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October’s jobs report.

  • Shares of Barclays bank slipped 0.8% after the investment bank announced Monday morning that CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein.

LONDON — European stocks kicked off November on a positive note Monday with investors reacting to corporate news and looking ahead to key central bank meetings.

TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
.FTSE FTSE 100 *FTSE 7288.62 51.05 0.71 644379585
.GDAXI DAX *DAX 15806.29 0 0 0
.FCHI CAC 40 Index CAC 6893.29 0 0 67294090

The pan-European Stoxx 600 index closed up 0.7%, with all sectors finishing in positive territory.

Shares of Barclays bank slipped 0.8% after the investment bank announced Monday morning that CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein.

Barclays said that C.S. Venkatakrishnan (known as Venkat), currently head of global markets at the bank, will take over as chief executive with immediate effect, subject to regulatory approval.

Shares of Ryanair rose 1.2% after the budget airline reported its first quarterly profit since before the onset of Covid-19. However, it said it expected to post an annual loss of up to 200 million euros ($231 million) as it would be forced to discount tickets to fill planes over the winter, Reuters reported.

The positive start to November seen for Europe comes after more mixed trade in Asia-Pacific markets overnight as investors reacted to economic data that showed a mixed picture of Chinese manufacturing activity in October.

Elsewhere, stocks were flat on Wall Street Monday. Investors stateside are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October’s jobs report.

Source : CNBC

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