STOXX 600
European Stocks Climb on Energy Boost; Headed for Weekly Losses
November 1, 2024
By Pranav Kashyap (Reuters) -European shares climbed on Friday, buoyed by a rally in energy stocks, but remained on track for their worst week in nearly two months as a tightly contested U.S. presidential election kept investors on edge. The pan-European STOXX 600 index rose 0.5% to 508.05, after falling more than 1% in the previous session. The benchmark was poised to record a drop of about 2% this week, marking its second consecutive weekly decline. As the Nov. 5 U.S. presidential election approaches, the race remains too close to predict, with opinion polls showing a virtual dead heat. Investors are placing their bets on the...
STOXX 600 Falls on Earnings Drag, Travel and Leisure Worst Hit
October 29, 2024
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe's main stock index dropped on Tuesday, bruised by a handful of bleak quarterly results from industry majors such as energy giant BP, drugmaker Novartis and lender Santander, while caution also prevailed ahead of some crucial economic data. The pan-European STOXX 600 closed 0.6% lower, after touching an over one-week high intraday. BP's shares dropped 5% to July 2022 lows after the company's third-quarter profit fell to the lowest in almost four years, pushing the energy sector index 1.2% down. Novartis stock fell 4% as investors focused on the Swiss company's lower-than-expecte...
