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, with the Stoxx 600 initially rising at the opening, dipping into negative territory mid-morning, and then managing to recover its losses.

Regional markets and sectors showed mixed results. Banks and tech stocks, which suffered the most in Monday’s sell-off, saw gains on Tuesday, with banks up 0.1% and tech stocks increasing by 1.16%.

The sell-off continued in Asia-Pacific markets and on Wall Street on Monday, driven by last Friday’s disappointing July jobs report in the U.S., which sparked fears of a wider economic slowdown. However, by Tuesday, global markets seemed to be rebounding from these concerns. S&P 500 futures saw a rise in overnight trading, and Japanese stocks made a strong recovery after the Nikkei 225 and Topix both fell over 12% in the previous session. Other Asia-Pacific markets also showed improvement.

In Europe on Tuesday, attention turned to upcoming data releases. EU retail sales figures were anticipated, along with earnings reports from companies including Saudi Aramco, Schaeffler, Bayer, Adecco Group, Abrdn, InterContinental Hotels Group, and Travis Perkins.

The sell-off continued in Asia-Pacific markets and on Wall Street on Monday, driven by last Friday’s disappointing July jobs report in the U.S., which sparked fears of a wider economic slowdown. However, by Tuesday, global markets seemed to be rebounding from these concerns. S&P 500 futures saw a rise in overnight trading, and Japanese stocks made a strong recovery after the Nikkei 225 and Topix both fell over 12% in the previous session. Other Asia-Pacific markets also showed improvement.

In Europe on Tuesday, attention turned to upcoming data releases. EU retail sales figures were anticipated, along with earnings reports from companies including Saudi Aramco, Schaeffler, Bayer, Adecco Group, Abrdn, InterContinental Hotels Group, and Travis Perkins.

Whilst Monday’s market turmoil continued to impact Asian and American markets, European stocks showed signs of recovery on Tuesday. The Stoxx 600 index managed to gain slightly, with banks and tech stocks leading the recovery despite the volatility. Global markets appeared to be shaking off economic concerns, with significant rebounds noted in major indices and sectors. Key data releases and earnings reports in Europe were closely watched as investors navigated this period of uncertainty.

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 open strong as optimism rises

European stocks started the week with gains, driven by positive global market sentiment. In early trading, Germany’s DAX climbed by 0.7%, France’s CAC 40 saw a rise of 0.8%, and the UK’s FTSE 100 gained 0.4%.

Fidelity European Trust

Building a strong data economy for Europe’s future

The European Union is determined to establish a robust data economy as a foundation for its global competitiveness and digital independence. In the automotive industry, data is already transforming technologies, with innovations such as real-time traffic

Fidelity European Trust

European stocks begin the week with gains

European stocks rose on Monday, with the pan-European Stoxx 600 index up 1.2% by mid-morning in London. All sectors were in positive territory, led by construction and materials stocks, which gained over 2%. This upturn followed

Fidelity European Trust

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

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