empty
 
 

17.08.202607:38:37UTC+00European Stocks Start Week Higher

European stocks advanced on Monday, with the Stoxx 50 rising about 0.3% to trade near record highs and the Stoxx 600 gaining roughly 0.2%, also hovering close to its peak. The upbeat mood tracked a broader global equity rally, as investors continued to watch developments in the Middle East while energy markets began the week on a relatively calm footing. Sentiment was further bolstered by waning expectations of a Federal Reserve rate hike at its September meeting.

Basic resources were among the top performers, with Antofagasta, Hochschild Mining and Glencore climbing more than 2% on the back of firmer metals prices. Technology stocks also advanced, and the energy sector edged higher.

In corporate news, argenx jumped more than 7% after reporting positive topline results from a Phase 3 trial of its drug efgartigimod. Among other heavyweights, ASML Holding gained over 2.5%, while AstraZeneca rose more than 1%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback