European markets close higher as U.S. data boosts hopes for recovery

Friday’s European market closed with a rise, hitting a record high as global equities were moved by strong economic data from the U.S.

Pan-European STOXX 600 It ended up at 0.57%, above Thursday’s daytime highs. Financial services stocks rose 1.3% to lead the rise as almost all sectors and major stock exchanges entered the positive territory.

Global equities have been on the rise for the seventh straight day since then. The first unemployed bill in the U.S. fell to a new pandemic low of 406,000According to data from the Ministry of Labor on Thursday, it provides positive signs of the health of the world’s largest economic recovery.

Asian stocks also rise Friday’s trade was driven by Japan’s rise of more than 2%. Nikkei 225,in the meantime U.S. stocks It rose as optimism about the US economic recovery grew.

Investors are also monitoring negotiations in Washington on infrastructure investment packages aimed at further strengthening the recovery. Senate Republicans $ 928 billion counter offer This is well below the White House’s latest $ 1.7 trillion proposal.

Stock Selection and Investment Trends from CNBC Pro:

Returning to Europe, it was shown on Friday that May’s eurozone economic sentiment rose more than expected, hitting a three-year high. The European Commission index rose from 110.5 in April to 114.5 points. The economist’s forecast, compiled by Reuters, was 112.1.

The French economy shrank 0.1% in the first quarter, plunging into a technological recession. Friday’s final data has revised down its previous estimate of a 0.4% increase against the backdrop of sluggish construction activity.

Investigated by the United Nations International Civil Aviation Organization Belarus over forced landing of Ryanair airliner A move that has caused worldwide anger to arrest dissident journalists.

Meanwhile, Russia is blocking the airspace. Air France Austrian Airlines protests government action after two airlines change flight plans to avoid ally Belarus.

UK Prime Minister Boris Johnson could delay the complete lifting of the UK’s coronavirus restrictions on June 21 as the number of cases of the first Covid variant detected in India doubled in the past week I warned that there was sex.

Oil major total Holds its annual meeting on Friday and proposes to change its name to Total Energies to show the move towards cleaner energy sources in the face of pressure on its climate program.

Looking at individual stock price movements, Luxembourg telecommunications companies SES Spain at the bottom of the index, rising more than 5.4% to lead the Stoxx 600 Banco de Sabadell After announcing the three-year strategic plan, it fell by more than 6.5%.

Apply To CNBC Pro See exclusive insights and analytics, and live business day programming from around the world.

European markets close higher as U.S. data boosts hopes for recovery

Source link European markets close higher as U.S. data boosts hopes for recovery

Back to top button