Stock Market News

European shares jump on Powell’s speech, China relief

2022.12.01 05:36



© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 30, 2022. REUTERS/Staff

(Reuters) – European shares scaled over three-month highs on Thursday, cheered by U.S. Federal Reserve Chair Jerome Powell signalling smaller interest rate hikes ahead, and China softening its tone on strict COVID-19 rules.

The pan-European index rose 0.9% by 0810 GMT, after rising 6.8% in November, its best month since July.

Technology and industrial stocks were among the biggest boost in early trade.

Energy stocks fell capping gains for the broader index as oil prices dipped amid uncertainty ahead of Sunday’s OPEC+ meeting. [O/R]

Investors seemed to look past data that showed German retail sales fell more-than-expected in October as inflation had consumers holding back on non-essential purchases at the start of the fourth quarter.

Lender HSBC slipped 1.9%. On Wednesday it announced a possible sale of its New Zealand business and plans to close 114 branches in Britain, in the latest retrenchment by the bank as it strives to improve returns amid criticism from a top investor.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,117.29 0.11%
ethereum
Ethereum (ETH) $ 3,360.37 1.84%
tether
Tether (USDT) $ 1.00 0.07%
solana
Solana (SOL) $ 252.29 2.08%
bnb
BNB (BNB) $ 662.50 0.31%
xrp
XRP (XRP) $ 1.41 3.55%
dogecoin
Dogecoin (DOGE) $ 0.424637 3.39%
usd-coin
USDC (USDC) $ 1.00 0.07%
cardano
Cardano (ADA) $ 1.01 5.36%
staked-ether
Lido Staked Ether (STETH) $ 3,359.28 1.94%
tron
TRON (TRX) $ 0.209083 2.51%
avalanche-2
Avalanche (AVAX) $ 41.64 1.97%
stellar
Stellar (XLM) $ 0.527019 5.00%
the-open-network
Toncoin (TON) $ 6.14 5.46%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 3.78%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,987.42 1.47%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,719.18 0.08%
polkadot
Polkadot (DOT) $ 8.68 11.43%
chainlink
Chainlink (LINK) $ 18.06 0.61%
bitcoin-cash
Bitcoin Cash (BCH) $ 512.01 1.12%
weth
WETH (WETH) $ 3,357.33 1.93%
sui
Sui (SUI) $ 3.37 2.96%
near
NEAR Protocol (NEAR) $ 7.08 9.24%
pepe
Pepe (PEPE) $ 0.00002 3.44%
leo-token
LEO Token (LEO) $ 8.57 0.37%
litecoin
Litecoin (LTC) $ 96.63 4.32%
aptos
Aptos (APT) $ 12.41 4.78%
uniswap
Uniswap (UNI) $ 10.87 0.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,531.67 1.93%
hedera-hashgraph
Hedera (HBAR) $ 0.142763 6.48%
internet-computer
Internet Computer (ICP) $ 11.45 2.47%
usds
USDS (USDS) $ 1.00 0.30%
crypto-com-chain
Cronos (CRO) $ 0.188201 6.42%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.562688 5.21%
ethereum-classic
Ethereum Classic (ETC) $ 28.50 5.10%
render-token
Render (RENDER) $ 8.02 1.79%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.54 4.36%
bittensor
Bittensor (TAO) $ 535.04 0.26%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
kaspa
Kaspa (KAS) $ 0.151158 3.52%
bonk
Bonk (BONK) $ 0.000048 0.04%
whitebit
WhiteBIT Coin (WBT) $ 24.36 1.64%
vechain
VeChain (VET) $ 0.043336 0.39%
arbitrum
Arbitrum (ARB) $ 0.852766 3.95%
dai
Dai (DAI) $ 1.00 0.11%
filecoin
Filecoin (FIL) $ 5.64 0.52%
cosmos
Cosmos Hub (ATOM) $ 8.51 3.68%
celestia
Celestia (TIA) $ 7.78 9.34%
mantra-dao
MANTRA (OM) $ 3.62 1.99%
blockstack
Stacks (STX) $ 2.18 3.55%