European markets closed slightly higher on Monday as investors digested the inconclusive results of Spain’s election and looked ahead to a busy week of corporate earnings and central bank meetings.
The pan-European Stoxx 600 provisionally ended the session up by 0.1%, with the U.K.’s FTSE 100 and DAX slightly higher as France’s CAC 40 dipped. Oil and gas stocks led sector gains, gaining 1.5%, while media stocks fell 0.7%.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 7678.59 | 14.86 | 0.19 |
| .GDAXI | DAX | 16190.95 | 13.73 | 0.08 |
| .FCHI | CAC 40 Index | 7427.31 | -5.46 | -0.07 |
| .FTMIB | FTSE MIB | 28908.42 | 53.33 | 0.18 |
| .IBEX | IBEX 35 Idx | 9543.5 | -28 | -0.29 |
Fresh data pointed to a slowdown in business activity in France, Germany and the U.K. in July, adding to recessionary risks in Europe.
Spanish elections held Sunday left the country without a clear majority for either of the two main parties, opening the door to potentially prolonged coalition negotiations.
The European Central Bank meets on Thursday, when policymakers are expected to announce a 25 basis point rate hike and offer guidance for the final stages of their efforts to fight inflation.
Markets in Asia-Pacific were mixed Monday as investors digested key economic data from across the region. Japan’s the Nikkei 225 gained 1.29% to start the week after new data showed business activity expanded for a seventh straight month. That comes as the Bank of Japan is set to meet on Thursday and Friday.
Stateside, U.S. stocks were higher as investors await a key policy meeting from the Federal Reserve Wednesday, as well as a week of corporate results, including from tech giants Meta, Microsoft and Alphabet.
Back in Europe, the U.K.’s Vodafone, Ireland’s Ryanair, Switzerland’s Julius Baer and Italy’s Poste Italiane all reported earnings Monday.
European markets closed slightly higher on Monday as investors digested the inconclusive results of Spain’s election and looked ahead to a busy week of corporate earnings and central bank meetings.
The pan-European Stoxx 600 provisionally ended the session up by 0.1%, with the U.K.’s FTSE 100 and DAX slightly higher as France’s CAC 40 dipped. Oil and gas stocks led sector gains, gaining 1.5%, while media stocks fell 0.7%.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 7678.59 | 14.86 | 0.19 |
| .GDAXI | DAX | 16190.95 | 13.73 | 0.08 |
| .FCHI | CAC 40 Index | 7427.31 | -5.46 | -0.07 |
| .FTMIB | FTSE MIB | 28908.42 | 53.33 | 0.18 |
| .IBEX | IBEX 35 Idx | 9543.5 | -28 | -0.29 |
Fresh data pointed to a slowdown in business activity in France, Germany and the U.K. in July, adding to recessionary risks in Europe.
Spanish elections held Sunday left the country without a clear majority for either of the two main parties, opening the door to potentially prolonged coalition negotiations.
The European Central Bank meets on Thursday, when policymakers are expected to announce a 25 basis point rate hike and offer guidance for the final stages of their efforts to fight inflation.
Markets in Asia-Pacific were mixed Monday as investors digested key economic data from across the region. Japan’s the Nikkei 225 gained 1.29% to start the week after new data showed business activity expanded for a seventh straight month. That comes as the Bank of Japan is set to meet on Thursday and Friday.
Stateside, U.S. stocks were higher as investors await a key policy meeting from the Federal Reserve Wednesday, as well as a week of corporate results, including from tech giants Meta, Microsoft and Alphabet.
Back in Europe, the U.K.’s Vodafone, Ireland’s Ryanair, Switzerland’s Julius Baer and Italy’s Poste Italiane all reported earnings Monday.
Source : CNBC
