Free Trial

European Markets Make Up For Lower Monday Close

EQUITIES

European stocks trade firmer pre-NY hours, making up for the lost ground posted into the close on Monday. The Eurostoxx 50 sits just below yesterday's highs of 3506.24 and a move above here marks new multi-month, post-COVID highs. Markets across Europe are seeing broad-based gains, with Italy outperforming (up 1.5%) and UK's FTSE-100 lagging slightly (up 1.0%).

In Europe, energy and financials are outperforming, with consumer discretionary not far behind. Healthcare and real estate are the main laggards, although falls are shallow at this stage. Of note, the DAX Index number of constituents are to be increased to 40 from 30, partly in response to the Wirecard scandal some months ago.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.