European stocks rise 0.4% after five-session losing streak

European stocks edged higher on Friday, with the Stoxx 50 gaining 0.4% after five consecutive sessions of losses as global government bonds stabilized following two volatile trading days. A softer US dollar supported gold prices, helping basic-resources shares lead sectoral gains. ASML Holding and Banco Santander each advanced more than 1%, while L’Oréal fell over 0.5%. Investors assessed mixed French economic data: manufacturing activity returned to growth and exceeded expectations, but services contracted more sharply than anticipated. Oil prices edged lower as markets continued to evaluate the prolonged US-Iran conflict, including its potential effects on energy supplies and inflation. Despite the recovery, European equities remained on course for a weekly decline amid geopolitical uncertainty, elevated bond yields and concerns about the outlook for monetary policy.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
European stocks rise 0.4% after five-session losing streak - CoinPost Terminal