European sources
The main index of European stocks recorded the highest level in two weeks at the beginning of trading, on Monday, with the support of the US President-elect Donald Trump, the nomination of Scott Besent for the post of Secretary of the Treasury and comments from the chief economist at the Bank European media on easing monetary policy.
get up European STOXX 600 Index 0.5 percent by 0810 GMT, led by the basic utilities sector and personal household goods stocks.
Stock futures rose on Wall Street as US Treasury yields fell after the news Trump About his candidate for the position of Secretary of the Treasury, because Picent is expected to limit the American debt.
On the other hand, the chief economist of the European Central Bank, Philip Lane, said that the bank’s monetary policy should not remain tight for a long time, and he also admitted that inflation will take some time before falling to the target rate of two percent.
Among individual stocks, Italian bank UniCredit fell 2 percent after making a surprise offer worth 10 billion euros ($10.45 billion) to buy all the shares of its smaller local rival (BBM). , whose shares had risen 5 percent.
German Commerzbank shares fell 6 percent as investors assessed the impact of the bid submitted to BBM on a possible acquisition deal from UniCredit of a stake in Commerzbank.
Anglo American shares rose 2 percent on the back of the mining company’s plans to sell Australian coal mines to the steel industry for $3.78 billion.
2024-11-25 09:59:00
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