European stocks rise on cooling inflation

European shares ended higher on Monday, helped by gains in healthcare stocks and a report showing euro zone inflation eased further in July, though upbeat growth data tempered optimism about a rate hike pause.

The pan-European STOXX 600 (.STOXX) ended up 0.1%. The index climbed 2% in July, gaining for the second month in a row.

Data showed euro zone consumer prices grew by 5.3% this month versus 5.5% in June, extending a downtrend that started in the autumn. Excluding energy and unprocessed food, prices increased by 6.6% after a 6.8% rise a month earlier.

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

Fidelity European Trust

European markets rise amid heightened geopolitical tensions

European markets were higher on Monday amid heightened geopolitical tensions following Iran’s massive drone and missile attack on Israel Saturday night. The regional Stoxx 600 index rose 0.3% in morning deals, with most sectors in positive territory. Auto

Fidelity European Trust

European economy 2024: Are appearances deceiving?

After 15 years of economic upheavals, from the European debt crisis to the Covid-19 pandemic and Russia’s invasion of Ukraine, the European economy appears set to underperform in 2024. But are appearances deceiving? First, Central and