Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 2025

Costs of Owning a Home

July 30, 2025

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Tech stocks spark Europe market rebound; inflation data looms By Reuters
Stock Market

Tech stocks spark Europe market rebound; inflation data looms By Reuters

December 10, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

By Joao Manuel Vicente Mauricio and Ankika Biswas

(Reuters) – European shares bounced back on Thursday, led by a surge in tech stocks following a two-day decline driven by concerns over potential U.S. tariffs and economic challenges in France. Investors are now focusing on inflation reports to gauge the future direction of interest rate cuts.

The pan-European index rose 0.4% to 507.23 points, with trading volumes expected to be light due to the Thanksgiving holiday in the U.S.

The tech sector saw a nearly 1% increase, marking its best performance in a week, as chip stocks rallied on reports that U.S. restrictions on Chinese chips may be less severe than anticipated. Shares of ASM International (AS:), BE Semiconductor, and ASML (AS:) all gained between 2% and 2.5%.

France’s blue-chip index also rebounded, gaining 0.5% after hitting August lows in the previous session. Defence stocks led the sectoral gains, with Airbus jumping 4.1%.

Sentiment improved after European Central Bank President Christine Lagarde warned against a global trade war, stating it would be “in nobody’s interest.”

French government bonds stabilized after a sell-off pushed the risk premium over German bonds to its highest level since the 2012 debt crisis. Prime Minister Michel Barnier’s government is facing challenges securing approval for the 2025 budget, raising concerns about a potential collapse of the fragile coalition.

The banking sector also provided support to the STOXX 600, gaining 0.9%. Inflation in Germany remained unchanged in November at 2.4%, while rising in several German states. Spain’s November inflation met expectations.

Upcoming inflation reports for the euro zone, France, and Italy are set to be released on Friday, following strong U.S. inflation data that raised fears of a cautious approach to policy easing by the Federal Reserve.

© Reuters. FILE PHOTO: The Euronext stock exchange is pictured at the La Defense business district in Paris, France, September 30, 2022. REUTERS/Benoit Tessier/ File Photo

Shares of Direct Line (LON:) Insurance surged 41.4% after rejecting a takeover offer from Aviva (LON:), while Aviva’s shares declined by 2.3%.

On the other hand, Grifols (BME:) fell 11.8% for a second consecutive session after Canadian fund Brookfield abandoned its takeover plans.

data Europe inflation Looms Market rebound Reuters Spark stocks tech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why we should be cheering for the mom-and-pop investors in the housing market

July 29, 2025

How to get free stocks: 6 ways to earn free shares

July 27, 2025

Spheron Network Joins Nubila to Drive Decentralized Environmental Data Backing Climate AI

July 27, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Retiring at 62? Here’s how much you may get in Social Security 

July 8, 20250 Views

Stocks Tumble Most Since August Selloff, Oil Slips: Markets Wrap

September 4, 20240 Views

US places sanctions on Chinese refinery over Iran oil purchases

April 16, 20251 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 20250
Real Estate

Costs of Owning a Home

July 30, 20250
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.