European Stocks Rebound From Worst Three-Day Drop Since January

Europe stocks
  • European Stocks Rebound From Worst Three-Day Drop Since January

European stocks rose as investors assessed the extent of recent declines that dragged equities to a two-week low.

The Stoxx Europe 600 Index added 0.4 percent at 8:34 a.m. in London, trimming a weekly decline that’s still poised to be its worst since November. The benchmark tumbled 1.7 percent in the past three sessions as U.S. President Donald Trump faced controversies surrounding Russia, heightening political risk sentiment.

  • Stoxx 600 miners outperformed most industry groups on Friday, extending their weekly advance to 1.3 percent. Carmakers, among the worst performers in the past three sessions, led gains today.
  • Equities are stabilizing following a rebound in U.S. equities Thursday, after former FBI Director Robert Mueller was appointed as special counsel to investigate Russian efforts to influence the 2016 American election, as well as possible collusion by Trump campaign associates.
  • Among shares active on corporate news, Hikma Pharmaceuticals Plc slid 7.5 percent after lowering its full-year revenue outlook.
  • Dufry AG rallied as much as 7 percent after a regulatory filing showed Richemont acquired a 5 percent stake in the travel retailer.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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