Stocks set for strongest gains in a year

Global stocks are having their strongest weekly rally in a year, global yields are sliding and corporate earnings reports have been surprisingly robust.

If all goes to plan, markets end what has been a turnaround week with a U.S. jobs report that underpins the optimism around peak global rates.

World stocks are up 4.2% for the week so far, their largest weekly rise since November 2022. The S&P 500 chalked up its best day in six months, also boosted by strong corporate earnings and guidance – Apple reported forecast-beating quarterly sales and profit, although shares fell slightly in after hours trade.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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