European Shares Seen Up As Inflation Concerns Ease
Investors are watching Fed minutes and third-quarter earnings as easing inflation concerns support a higher open, with major banks set to report this week.
6 Articles
6 Articles
European shares rise on lower oil prices, bank strength ahead of earnings
Oct 12 (Reuters) - European shares rose on Monday, led by banking stocks as oil prices eased on hopes of Russia-Ukraine energy ceasefire, while investors awaited the start of the earnings season for fresh catalysts. The pan-European STOXX 600 index g...
European Shares Seen Up As Inflation Concerns Ease
European stocks are seen opening higher on Monday as investors monitor the situation in oil markets and await cues from the third-quarter U.S. earnings season. Financial giants Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) and Bank of America (BAC) are among the companies due to report their quarterly results this week along with healthcare giants Johnson & Johnson (JNJ) and UnitedHealth (UNH).
European stock markets have risen so far on Monday, with the broad regional Stoxx 600 index up 0.5 percent.
The indicators for Europe rose during today ' s two-day dealings, supported by bank shares, with oil prices falling amid hopes for an agreement to stop attacks on energy installations between Russia and Ukraine, while investors expect the start of the quarterly corporate profit announcement season. The reading indicator* The amount of change (point) is the rate of change (%) of change (Stox Europ 634,600 + 3% + 0.45 . . . . . . . . . . . . …
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