European stocks rebound as investors look to ECB and earnings season

European stocks bounced after suffering their biggest weekly decline in three months, as investors await clear signals from the European Central Bank about interest rate cuts this week and earnings season gathers pace.

The Stoxx 600 Index rose 0.6% by 8:07 a.m. in London, with rates sensitive sectors tech and real estate rising the most, while utilities lagged. ASML Holding NV led gains in the region after Bernstein upgraded its recommendation to outperform.

Among other moves, Kindred Group jumped after French lottery group La Francaise des Jeux offered to buy the Swedish company for $2.7 billion. Worldline rose after Credit Agricole said it acquired a 7% stake in the company to help stabilize its struggling payments partner.

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,