European Stocks Rebound After Selloff
European stocks rebounded on Wednesday after a selloff in the previous session, as investors looked ahead to corporate earnings and the Federal Reserve’s policy meeting.
The Stoxx Europe 600 Index rose 0.7%, after dropping 1.2% on Tuesday. The benchmark gauge is still down 0.3% for the week, and is on track for its first monthly decline since October.
Earnings and Fed Meeting in Focus
Investors are keeping a close eye on corporate earnings, with results from companies such as Unilever, Novartis, and Siemens due later this week.
The Federal Reserve’s two-day policy meeting is also in focus, with investors expecting the central bank to keep interest rates unchanged.
Sectors Move in Different Directions
The Stoxx 600 was led higher by technology and consumer discretionary stocks, which rose 1.3% and 1.2%, respectively.
Meanwhile, energy and financials were the biggest laggards, with the sectors falling 0.7% and 0.6%, respectively.
European Markets Overview
In Germany, the DAX Index rose 0.7%, while the CAC 40 in France gained 0.8%. The U.K.’s FTSE 100 Index advanced 0.6%.
In the euro area, the Euro Stoxx 50 Index rose 0.7%, while the Spanish IBEX 35 Index gained 0.9%.
U.S. Futures Point to Higher Open
U.S. stock futures pointed to a higher open on Wall Street, with the S&P 500 Index set to rise 0.3%.
The Dow Jones Industrial Average was set to gain 0.2%, while the Nasdaq 100 Index was set to rise 0.4%.
Bond Yields Move Higher
The yield on 10-year Treasuries rose one basis point to 1.63%.
The yield on German 10-year bonds rose one basis point to -0.22%.
Currencies Move Lower
The euro was down 0.2% to $1.2086.
The British pound was down 0.2% to $1.4107.
The Japanese yen was down 0.2% to 109.37 per dollar.
Commodities Move Higher
West Texas Intermediate crude rose 0.7% to $63.20 a barrel.
Gold rose 0.2% to $1,788.90 an ounce.
European Stocks Rebound After Selloff
European stocks rebounded on Wednesday after a selloff in the previous session, as investors looked ahead to corporate earnings and the Federal Reserve’s policy meeting.
The Stoxx Europe 600 Index rose 0.7%, after dropping 1.2% on Tuesday. The benchmark gauge is still down 0.3% for the week, and is on track for its first monthly decline since October.
Investors were encouraged by the rebound in the U.S. markets on Tuesday, with the S&P 500 Index rising 0.7%. The Dow Jones Industrial Average and the Nasdaq Composite Index both gained 0.6%.
Sectors Move in Different Directions
The Stoxx 600 was led higher by technology and consumer discretionary stocks, which rose 1.3% and 1.2%, respectively.
Meanwhile, energy and financials were the biggest laggards, with the sectors falling 0.7% and 0.6%, respectively.
In Germany, the DAX Index rose 0.7%, while the CAC 40 in France gained 0.8%. The U.K.’s FTSE 100 Index advanced 0.6%. In the euro area, the Euro Stoxx 50 Index rose 0.7%, while the Spanish IBEX 35 Index gained 0.9%.
Earnings and Fed Meeting in Focus
Investors are keeping a close eye on corporate earnings, with results from companies such as Unilever, Novartis, and Siemens due later this week.
The Federal Reserve’s two-day policy meeting is also in focus, with investors expecting the central bank to keep interest rates unchanged.
Bond Yields Move Higher
The yield on 10-year Treasuries rose one basis point to 1.63%. The yield on German 10-year bonds rose one basis point to -0.22%.
Currencies Move Lower
The euro was down 0.2% to $1.2086. The British pound was down 0.2% to $1.4107. The Japanese yen was down 0.2% to 109.37 per dollar.
Commodities Move Higher
West Texas Intermediate crude rose 0.7% to $63.20 a barrel. Gold rose 0.2% to $1,788.90 an ounce.
U.S. Futures Point to Higher Open
U.S. stock futures pointed to a higher open on Wall Street, with the S&P 500 Index set to rise 0.3%.
The Dow Jones Industrial Average was set to gain 0.2%, while the Nasdaq 100 Index was set to rise 0.4%.
European stocks rebounded on Wednesday after a selloff in the previous session, as investors looked ahead to corporate earnings and the Federal Reserve’s policy meeting. The Stoxx Europe 600 Index rose 0.7%, after dropping 1.2% on Tuesday. The benchmark gauge is still down 0.3% for the week, and is on track for its first monthly decline since October.
Investors were encouraged by the rebound in the U.S. markets on Tuesday, with the S&P 500 Index rising 0.7%. The Dow Jones Industrial Average and the Nasdaq Composite Index both gained 0.6%.
The Stoxx 600 was led higher by technology and consumer discretionary stocks, which rose 1.3% and 1.2%, respectively. Meanwhile, energy and financials were the biggest laggards, with the sectors falling 0.7% and 0.6%, respectively.
In Germany, the DAX Index rose 0.7%, while the CAC 40 in France gained 0.8%. The U.K.’s FTSE 100 Index advanced 0.6%. In the euro area, the Euro Stoxx 50 Index rose 0.7%, while the Spanish IBEX 35 Index gained 0.9%.
Investors are keeping a close eye on corporate earnings, with results from companies such as Unilever, Novartis, and Siemens due later this week. The Federal Reserve’s two-day policy meeting is also in focus, with investors expecting the central bank to keep interest rates unchanged.
The yield on 10-year Treasuries rose one basis point to 1.63%. The yield on German 10-year bonds rose one basis point to -0.22%. The euro was down 0.2% to $1.2086. The British pound was down 0.2% to $1.4107. The Japanese yen was down 0.2% to 109.37 per dollar.
West Texas Intermediate crude rose 0.7% to $63.20 a barrel. Gold rose 0.2% to $1,788.90 an ounce. U.S. stock futures pointed to a higher open on Wall Street, with the S&P 500 Index set to rise 0.3%. The Dow Jones Industrial Average was set to gain 0.2%, while the Nasdaq 100 Index was set to rise 0.4%.
Overall, European stocks rebounded on Wednesday after a selloff in the previous session, as investors looked ahead to corporate earnings and the Federal Reserve’s policy meeting. The Stoxx Europe 600 Index rose 0.7%, after dropping 1.2% on Tuesday. The benchmark gauge is still down 0.3% for the week, and is on track for its first monthly decline since October.
Investors were encouraged by the rebound in the U.S. markets on Tuesday, with the S&P 500 Index rising 0.7%. The Dow Jones Industrial Average and the Nasdaq Composite Index both gained 0.6%.
The Stoxx 600 was led higher by technology and consumer discretionary stocks, while energy and financials were the biggest laggards. Bond yields moved higher, while currencies moved lower. Commodities moved higher, and U.S. stock futures pointed to a higher open on Wall Street.
Investors are keeping a close eye on corporate earnings and the Federal Reserve’s policy meeting. The outcome of these events will likely determine the direction of European stocks in the coming days.