European equity strategists have become increasingly optimistic as accelerating earnings growth, improving economic momentum and confidence in the market's resilience support the outlook for regional stocks. UBS Group NYSE:UBS, whose strategists were the most bullish participants in Bloomberg's Jul…
HEDGING SEMICONDUCTOR EXPOSURE IS GETTING HARDERSamsung Electronics' 7% fall on Tuesday despite a 19-fold jump in Q2 profit is just the latest sign of how volatile semiconductor stocks have become.Even the U.S. semiconductor index NASDAQ:SOX has seen swings of more than 2% for the past seven tra…
A jump in energy company profits is set to drive European blue-chip earnings growth in the second quarter, overshadowing far weaker gains across the rest of the market, forecasts showed on Thursday.Companies in the STOXX 600 are expected to post average earnings growth of 14.5% in the quarter, acco…
MARKETS LOOK BEYOND AI BUILDERS TO AI EARNERSThe market's AI narrative may be entering a new phase, with investors increasingly shifting their focus from the companies building artificial intelligence infrastructure to those most likely to generate profits from it, according to Alberto Tocchio, hea…
STOXX SHRUGS OFF TECH WEAKNESS; AUTOS BOUNCEEuropean shares steadied on Tuesday as gains in energy and consumer stocks more than offset weakness in technology shares, where investors took profits despite Samsung's blowout earnings.The STOXX 600 TVC:SXXP rose 0.2%, hovering just below the record hig…
European shares were subdued on Tuesday, as elevated valuations in global AI-related stocks dictated caution, while investors watched a NATO summit in Turkey for possible new government defence contracts.The pan-European STOXX 600 index TVC:SXXP was flat at 650.84 points by 0713 GMT, after closing…
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell.In Europe, the Stoxx Europe 600 was flat in morning trading. Saab Series B rose 4.8% and Georg Fischer added 3.5…
European indexes are mixed in early trade as AI-related stocks weaken following Samsung Electronics' preliminary earnings. The Europe-wide Stoxx 600 is flat. The semiconductor-heavy AEX is down 0.2% in Amsterdam, where ASML--Europe's most valuable company--falls 4%. London's FTSE 100 edges up 0.1…
European shares were subdued on Tuesday, as elevated valuations in global AI-related stocks dictated caution, while investors watched a NATO summit in Turkey for possible new government defence contracts.The pan-European STOXX 600 index TVC:SXXP was flat at 650.84 points by 0713 GMT, after closing…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed mostly weak on Monday as investors reacted to regional PMI data and some corporate news. Easing geopolitical concerns and hopes that major central banks, including the Federal Reserve, will hold interest rates for now aided sentiment and l…
NATIONAL BANK OF BELGIUM GOVERNOR PIERRE WUNSCH AT CHAMP CONFERENCE: IT'S NOT CLEAR A SYMMETRIC INFLATION TARGET IMPLIES A SYMMETRIC REACTION FUNCTION
BENCHMARK TREASURY YIELD REMAINS COILED WITH VOLATILITY NEAR MULTI-DECADE LOWU.S. Treasury yields eased late last week after a softer-than-expected jobs report reinforced the view that the Federal Reserve is unlikely to raise interest rates anytime soon. According to the Labor Department, nonfarm p…
By Wayne Cole and Harry RobertsonU.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the f…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening a tad lower on Monday as focus shifts to the upcoming earnings season.Technology stocks could be in focus after Nvidia Corp's server assembly partner Hon Hai Precision Industry reported a bigger-than-expected 40 percent jump in q…
Europe's benchmark STOXX 600 index climbed to a record high of 653.19 on Friday before easing to trade around 652.66, putting it on track for its biggest weekly gain in more than a month.European equities are drawing a more constructive read from Wall Street, with several major brokerages revising…
By Nell Mackenzie and Gregor Stuart HunterGlobal stocks extended gains on Friday after a lukewarm U.S. jobs report softened expectations for an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.Europe's broadest index hit a record…
HALF-TIME IN EUROPE: A BIT BUMPYWe're just over half-way through the trading day for European markets, and it hasn't been the smoothest of rides so far. With little corporate news and the U.S. off, momentum is lacking a bit as we head into the second half of the day.The cross-regional STOXX 600 TVC…
Bank of America on Friday raised the year-end target for Europe's STOXX 600 index, citing an improving euro zone growth outlook, as the Iran war-fueled energy shock fades and German fiscal stimulus begins to support activity.The Wall Street brokerage now expects the benchmark TVC:SXXP to hit 630, c…
Bank of America raised its year-end target for Europe's STOXX 600 index to 630 from 590, reflecting an improving outlook for euro zone growth as the impact of the energy shock fades and German fiscal stimulus starts to filter through the economy.
By Nell Mackenzie and Gregor Stuart HunterGlobal stocks climbed on Friday after a lukewarm U.S. jobs report softened expectations for an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.Europe's broadest index hit a record high on…
