External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

The DAX Index curve is displayed inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Wednesday, May 30, 2018. As the world ponders whether 2018 is when financial markets finally buckle after a nearly decade-long boom, theres no shortage of potential crises to keep traders awake at night. Photographer: Bloomberg/Bloomberg

(bloomberg)

(Bloomberg) -- European stocks rose in thin trade as the U.K. market remained closed for a public holiday, tracking gains on Wall Street on Friday where both the S&P 500 and Nasdaq Composite hit all-time highs after Fed Chairman Jerome Powell signaled that the central bank sees little need to tighten policy aggressively.

The Stoxx Europe 600 gained 0.3 percent, crossing back above its 50-day moving average. Europe’s benchmark index is still down 1.2 percent so far in 2018, falling behind a 7.5 percent rally for the S&P 500.

“The European equity market pales in comparison to the U.S. market, where you have better economic growth and better earnings growth, hence the difference in performances and flows” said William De Vijlder, chief economist at BNP Paribas. “On top of that, Europe is more vulnerable to external shocks, we saw it this summer with the Turkish crisis.”

Shares in Metro surged 10 percent after Ceconomy said it’s in talks with EP Investment regarding a potential sale of its stake in Metro.

To contact the reporter on this story: Blaise Robinson in Paris at brobinson58@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

©2018 Bloomberg L.P.

Neuer Inhalt

Horizontal Line


Survey Swiss Abroad

Survey: Keyboard and Hand close-up

Dear Swiss Abroad, tell us what you think

Survey Swiss Abroad

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.








Click here to see more newsletters

Bloomberg