Markets
Sky News Arabia – Abu Dhabi
09:01 – Jun 28, 2023European stocks
European stocks rose on Wednesday, after strong US data calmed fears of a sharp economic slowdown, while investors await comments from central bank officials at a forum to be held later in the day to get a clearer picture of fiscal policy directions.
The pan-European STOXX 600 index rose 0.5% by 0810 GMT, tracking Wall Street’s overnight gains after data showed an increase in new orders for US manufactured capital goods and a rise in consumer confidence in June.
Industry stocks gave a big boost to the Stoxx 600 index, as well as health care stocks, as Swiss pharmaceutical holding Roche rose 1.6% after US health authorities declined to approve Regeneron’s Elia drug.
Investors are closely awaiting a forum of central bankers in Sintra, including European Central Bank President Christine Lagarde, Federal Reserve Chairman Jerome Powell and Bank of Japan Governor Kazuo Ueda.
Shares in French supermarket chain Carrefour rose 3.1 percent after Morgan Stanley began coverage on the stock with an “overweight” recommendation.
European stocks
European markets
2023-06-28 09:09:16
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