Election week boosts European markets

European markets opened the week on a positive note, climbing on Monday after a slow start. Investors are keeping a close watch on the U.S. presidential election scheduled for Tuesday, with significant implications for markets across the globe. By 10:30 a.m. in London, the pan-European Stoxx 600 index had gained 0.25%, with most regional exchanges and sectors trading higher. Key performers included the oil and gas, automotive, and banking sectors, each adding around 0.7%. However, tech stocks slipped slightly, down by 0.23%.

This week is a pivotal one for global markets, especially with the latest U.S. election poll from NBC News indicating a “deadlocked race” between former President Donald Trump and current Vice President Kamala Harris. The outcome of the election will likely have ripple effects on market sentiment, depending largely on which party takes control of Congress. A divided Congress is expected to preserve the current political balance in the U.S., but a sweep by either party could bring significant changes. A unified Congress and White House under one party might result in new spending initiatives or a possible tax policy shift.

Meanwhile, Asia-Pacific markets saw gains on Monday, with U.S. stock futures showing mixed results in overnight trading on Sunday.

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

European stocks hold steady amid improved market sentiment

European stocks remained largely unchanged as easing tensions in the Middle East brought some optimism, though declining oil prices exerted pressure on the energy sector. By mid-morning in London, the Stoxx Europe 600 Index had flattened

Fidelity European Trust

European stock market and the economic outlook

The European stock market has shown resilience despite global economic challenges in recent years. It continues to be a key focus for investors due to the region’s established financial infrastructure and the strength of its major

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,