European stocks follow Asian markets higher

European stocks followed Asia higher on Tuesday, as recent efforts by Beijing to prop up markets bolstered China-linked sectors, while investors prepared for US labour market data due later in the day. 

Europe’s region-wide Stoxx Europe 600 index rose 0.6 per cent, following gains in the previous session, while France’s Cac 40 was up 0.2 per cent and Germany’s Dax added 0.3 per cent. London’s FTSE 100 advanced 1.3 per cent as markets reopened after a bank holiday. 

Basic materials stocks led gains, with the Stoxx Europe 600 Basic Resources index up 1.6 per cent, as traders hoped that fresh economic support measures announced in China over the weekend would bolster demand in the world’s second-largest economy. 

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity European Trust

More articles like this

Fidelity European Trust

Eurozone retail sales show modest growth in August

Retail sales in the eurozone experienced a modest increase in August, showing a recovery after a stagnant performance in July. According to recent data from Eurostat, retail trade volumes in the euro area grew by 0.2%

Fidelity European Trust

European stocks climb amid global market struggles

European stocks saw an increase on Monday, defying the negative trends observed in both Wall Street and Asia-Pacific markets. By mid-morning in London, the pan-European Stoxx 600 index had risen by 0.57%, with most sectors and

Fidelity European Trust

A growing number of European businesses embrace AI

Over the past year, the adoption of AI by European businesses has grown by 32%, and this trend, if sustained, could add €600 billion in gross value added (GVA) to the European economy by 2030. This

Fidelity European Trust

European stocks show signs of recovery

European stocks experienced a modest increase by midday Tuesday in London, attempting to recover from Monday’s market downturn. At 11:54 a.m. London time, the pan-European Stoxx 600 was up 0.17%. It was a day of volatility,

Fidelity European Trust

European stocks offer stability and growth

European stocks have been a beacon of stability and growth in the global financial markets. The recent surge in European equities is a testament to the robust economic fundamentals and the innovative corporate strategies driving the