European stocks climb on China stimulus taking hold

European stocks climbed, bolstered by signs China’s stimulus measures are seeping through into the economy and wagers that global interest rates are approaching a peak.

The Stoxx 600 gauge rose 0.9%, halting three days of losses. Gains were led by resources shares, including mining giants Rio Tinto Plc, Glencore Plc and Anglo American Plc, as metals prices rallied. A gauge of luxury shares, heavily reliant on China for sales, also rose. Energy shares were steady as oil prices eased after earlier hitting their highest levels since November on expectations of supply cuts from the OPEC+ producers group. 

US markets will be shut Monday for the Labor Day holiday but futures advanced after the S&P 500 Index posted its best week since June. 

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 markets start the week on a positive note

European markets opened the week with a positive trend, as investors shifted their focus from last week’s negative sentiment to the upcoming interest rate decision by the Bank of England. The Stoxx 600 rose by 0.26%

Fidelity European Trust

European stock market soars to new heights

European stocks achieved a new record, driven by the ongoing surge in technology shares and expectations of an interest rate cut from the European Central Bank (ECB) on Thursday. The pan-European Stoxx 600 index increased by

Fidelity European Trust

European stocks shine with Stoxx 600 rising 0.53%

European stocks closed on a bright note on Monday. The pan-European Stoxx 600 climbed 0.53%. Germany’s DAX jumped 0.96%, while France’s CAC 40 ended 0.49% up, while Switzerland’s SMI both ended higher by 0.49%. The London