in ,

European Shares Rise On China Reopening, Rate Hike Optimism


As China reopened its borders overnight and U.S. and European data calmed fears over aggressive tightening by central banks, European equities climbed on Monday, extending the year’s promising start into a second week.

As of 8:12 AM GMT, the pan-European STOXX 600 index had risen by 0.3%.

After a string of positive statistics, including robust manufacturing activity in the eurozone and a decline in regional inflation, the index posted its most significant weekly gain in nine months on Friday.

European shares hit two-week high as China eases COVID-19 curbs | Reuters

Concerns that the Federal Reserve and the European Central Bank will maintain their monetary solid policies were alleviated by this and data showing a tight U.S. labor market.

Technology companies with sensitivity to interest rate changes saw a 1.2% increase.

At 1000 GMT on December 1, investors will get a glimpse into the health of the Eurozone labor market by learning about the unemployment rate in November.

Help with finance, stocks, bonds and company valuation by Michzo | Fiverr

On Sunday, Beijing opened borders that had been effectively closed since the COVID-19 outbreak, and a flood of tourists poured into China via air, land, and sea.

The mining industry gained 1.7% as base metal prices rose on rising optimism that demand will revive from China, the world’s largest customer.

Devolver Digital and Frontier Developments, two video game businesses listed on the London Stock Exchange, saw their share prices fall after reporting poor financial results.

What do you think?

Written by Babita Soni

Hi, you've reached Babita's online nook. When she is not writing in her favorite coffee shop, Babita spends most of her time reading, cooking, traveling the world, and catching her favorite movies.


Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings


“Aight, F*ck This!”: Luka Doncic Can’t Stand the TCU Horned Frogs After 7-65 Loss to Georgia Bulldogs

GOAL   Zoom Frame   Facebook1

‘I Made Some Clumsy Remarks’ – FFF President Le Graet Apologises For Zidane France Job Snub Jibe J