2024-04-29 09:10:39
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April 29, 2024
1:10 p.m.
European stocks hit two-week high
European stocks hit their highest level in two weeks on Monday, continuing strong gains made last week, as traders awaited economic data and the Federal Reserve’s monetary policy decision.
Europe’s Stoxx 600 index rose 0.3 percent after posting its first weekly gain in four weeks on Friday.
The basic resources sector led the sector’s gains, with shares of Anglo American up 2.3 percent after Reuters reported that BHP Group was considering upgrading its offer to acquire the mining company .
Atos shares jumped 12.6 percent after the French government made an offer to buy some of its main units.
Shares of Deutsche Bank fell nearly 4 percent as the German bank will enforce a court ruling over a lawsuit related to its acquisition of Postbank, hurting its second-quarter and second-quarter profits. whole year.
Traders await euro zone inflation data and the Federal Reserve’s next interest rate decision, looking for indicators on global monetary policy expectations.
Traders are also awaiting Spanish Prime Minister Pedro Sanchez’s final decision on whether he will keep his post or resign. (Reuters)
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