External Content

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

Financial traders monitor data on computer screens beneath a display of the DAX Index curve at the Frankfurt Stock Exchange in Frankfurt, Germany. Photographer: Ralph Orlowski/Bloomberg

(bloomberg)

(Bloomberg) -- European stocks were steady on Thursday, as a rally in tech shares following gains on the Nasdaq offset a renewed slump in mining stocks, falling along with metal prices as the dollar bounced back.

The greenback gained after the Federal Reserve signaled that it’s ready to raise interest rates again, as long as the economy stays on track. The Stoxx Europe 600 Index gained 0.1 percent. The Stoxx tech sector index was up 0.6 percent, while the Stoxx basic resources sector index fell 0.5 percent, and copper slipped back under $6,000.

“The summer lull continues,” said Martin Guri, head of Nordic strategy at Kepler Cheuvreux, pointing out that Thursday’s PMI figures could help give direction to the market. The Stoxx auto sector index fell again, adding to Wednesday’s selloff sparked by Continental’s lower revenue forecast . Investors are still assessing the “implication of yesterday’s warning,” Guri said.

Tariff tensions have continued with the U.S. and China imposing new tariffs on each other’s goods, amid trade talks aimed at averting the worsening conflict. Fresh duties on $16 billion of imports from the other nation are set to take effect.

To contact the reporter on this story: Hanna Hoikkala in Stockholm at hhoikkala@bloomberg.net

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Blaise Robinson

©2018 Bloomberg L.P.

Neuer Inhalt

Horizontal Line


swissinfo EN

Teaser Join us on Facebook!

Join us on Facebook!

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