European stocks close higher as Germany’s DAX extends record high

European markets closed higher Wednesday, rebounding from mixed trade seen earlier in the week.

The regional Stoxx 600 index rose 0.6% by the close, with mining stocks seeing a sharp turnaround to climb 1.6%. Autos also jumped 2.2% while oil and gas stocks dipped 0.9%. Germany’s blue chip DAX index nudged slightly higher, extending the record level it closed at Tuesday.

Positive momentum was seen elsewhere overnight. Asia-Pacific markets rebounded across the region, following a broad sell-off on Tuesday. Meanwhile, U.S. stocks turned positive in morning trade Wednesday after the S&P 500 and the Dow Jones Industrial Average slid for a second day Tuesday.

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
Twitter
LinkedIn
Fidelity European Trust

More articles like this

Fidelity European Trust

European markets slightly higher on positive sentiment

European markets were slightly higher Monday, off the back of largely positive sentiment last week. The pan-European Stoxx 600 index provisionally closed up 0.17%, rebounding slightly from a negative morning session. Mining stocks led losses, sinking

Fidelity European Trust

European shares hit two-year highs on Wall Street gains

European shares edged higher on Tuesday, hitting fresh two-year highs, driven by overnight gains on Wall Street, strong corporate updates and investor assessment of interest rate cut expectations in a busy week for markets. The pan-European

Fidelity European Trust

European stocks rise as ECB keeps rates on hold

European stocks rose on a busy day for earnings after the region’s central bank kept interest rates on hold for a third straight meeting and the US economy’s fourth-quarter growth proved stronger than expected. The Stoxx

Fidelity European Trust

European equities inch higher

European shares edged higher on Monday as investors remained upbeat about rate cut prospects from the U.S. Federal Reserve and the European Central Bank, while Dassault Aviation shares weighed on the index following a rating downgrade.

Fidelity European Trust

The EU has been very good for emerging Europe

From Tallinn to Ljubljana, emerging Europe is reaping the benefits of two decades of EU membership. But while even the region’s eurosceptics have no real intention of leaving the bloc, more could be done to sell

Fidelity European Trust

European stocks rise ahead of key manufacturing PMI data

European stock markets rose Tuesday, starting the new year on a positive note ahead of the release of key regional manufacturing activity data.  At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.7% higher, the CAC 40 in

Fidelity European Trust

European stocks rise on rate cut bets

European stocks rose in early trade on Tuesday and global shares were near their highest since April 2022 as traders bet on rate cuts next year, while the yen fell after the Bank of Japan stuck

Fidelity European Trust

European shares hit 22-month high

European shares slipped from Thursday’s highs but still ended the session higher as investors cheered the U.S. Federal Reserve’s dovish shift a day earlier and shrugged off the European Central Bank pushing back against market bets