Market Report - Europe Close
European shares extended their recent gains on Wednesday on the back of weaker than expected inflation readings in China, Germany and the US.
European were knocked sharply lower on Thursday after hawkish comments in US Federal Reserve meeting minutes hit US shares overnight.
European shares extended gains on Wednesday despite economic growth in the eurozone easing to a nine-month low in December as Covid-19 took its toll.
Travel and Leisure and banking stocks paced the advance in European equity markets on Tuesday, as investors punted on hopes that further curbs may not be needed to deal with the Omicron Covid variant.
European shares managed to cling to positive territory on 2021’s penultimate day on Thursday, taking a cue from Wall Street’s sixth successive positive session overnight despite a continuing surge in Omicron cases.
European shares dipped into negative territory by the close after a solid first half to the day on Wednesday, amid thin between-the-holidays trade with little corporate news and economic data to drive sentiment.
European shares finished in the green on Thursday in slow pre-Christmas trade, as market participants punted on hopes the ‘Omicron’ variant of Covid-19 would not overwhelm health systems and lead to further restrictions.
European shares ended the day firmly in the black on Wednesday after a lacklustre start, tracking gains on Wall Street, as food delivery stocks rallied.
European stocks managed a positive close on Tuesday, after the previous session’s sell-off saw investors go bargain hunting, despite ongoing concerns over the Omicron variant of Covid-19.
European shares extended gains on Thursday after an upbeat assessment of the US economy from Federal Reserve chairman Jerome Powell overnight and despite an unexpected hike in UK interest rates.
European shares finished mostly higher heading into the US central bank's rate decision scheduled for Wednesday evening.
European shares finished in the red following a higher than expected reading on US wholesale prices the day before a Federal Reserve meeting where rate-setters were expected to lay out plans for a faster pace of tightening policy.
European shares gave up tenuous morning gains on Thursday and slipped into the red for the most part as investors continued to monitor the efficacy of vaccines against the Omicron coronavirus variant.
European stocks slipped on Wednesday amid profit-taking following the previous day's rally.
European shares finished sharply higher as investors appeared to be continuing to punt on the new Omicron variant of the coronavirus not being as severe as first thought, although it was technology issues that investors were now seeking out.
European shares started the week on the front foot, helped by data out from South Africa showing much shorter hospital stays and an absence of any significant increase in in-hospital deaths in one of the main hospital complexes in Pretoria in comparison to the recent surge in the number of infections.
European shares finished the week on a down note, weighed down by concern about the prospect for faster than expected interest rate hikes across the Pond and a much weaker than expected reading on the US jobs market for November.
European shares fell back again on Thursday amid worries about the impact that Covid-19 restrictions across the Continent might have and with big declines on Wall Street the night before weighing on investor sentiment.
European markets continued their roller-coaster Omicron Covid-variant volatility ride on Wednesday but on this occasion upwards.