Market Report - Europe Close
Travel and leisure, and technology issues weighed on Europe's main stockmarket gauges, although a positive start to the US second-quarter corporate reporting season helped to stem losses.
Stocks in Europe finished the session at their best level in over a month ahead of the start of the second quarter earnings season, even as the single currency continued to bound higher.
Gains for lenders' shares and among Technology stocks saw Europe's main stockmarket gauges finish the week on an up note, with the latter extending their breakout to multi-year highs.
Stocks in Europe ended the session sharply lower despite the release of data showing further modest improvement in the US jobs market over the preceding week.
Stocks in Europe failed to track gains across the Atlantic and finished lower.
Stocks in Europe managed to pare their losses towards the end of trading despite the European Commission downgrading its growth forecasts and the still worrisome headlines around the coronavirus pandemic out of the US.
Shares in Europe moved back towards roughly five-month highs, boosted by an overnight surge in Chinese stocks and another big positive economic surprise in the States.
Investors took some profits on European stocks at the end of the week amid light trading volumes on account of the Independence Day holiday Stateside.
Stocks on the Continent finished sharply higher following the release of better-than-expected US non-farm payrolls figures for June.
Stocks in Europe finished well off their lows of the session driven by a rally in travel and leisure issues after positive news out of the US on one of the lead candidates for a vaccine against Covid-19.
A late spurt of buying saw stock market gauges across the Continent recover to finish on a mixed note, helped by the release of some significantly better-than-expected readings on the economy in Europe and from overseas.
Shares across the Continent finished higher with investors apparently cheered by some positive news on the pandemic front and snapping up shares of select travel names and lenders.
Stocks across the Continent reversed early gains amid selling in shares of banks and amid news that multiple US states pausing moves to ease lockdowns.
Stocks on the Continent managed to reverse early losses after the European Central Bank moved to backstop demand for euros from other central banks as a precautionary measure.
Stocks in Europe finished sharply lower after the International Monetary Fund slashed its forecast for global economic growth in 2020 and as investors assessed the risks around a possible second wave of Covid-19 infections around the globe.
Better-than-expected readings on the euro area economy and reports of further government stimulus in the pipeline Stateside propelled shares higher on Tuesday.
Stocks on the Continent finished lower on Monday but off their worst levels of the session as investors monitored news of higher Covid-19 case counts in the US, Germany, India and also China.
Following talks between US Secretary of State Mike Pompeo and his opposite number from China, Yang Jiechi, Beijing committed to following through on the phase one trade deal between the two countries.
Stocks finished the Thursday session with moderate losses after the Bank of England opted for a less aggressive easing stance than some market participants had been hoping for.
Stocks finished modestly higher on Wednesday with some analysts crediting central bank support, even as investors kept a close eye on an outbreak of Covid-19 in Beijing and mounting numbers of new infections in the States.