European stocks inch up

European stocks inch up

On Monday, European stocks were on the way to their most impressive profit for eight weeks because a shocking revival in China's factory data as well as signs of progress in China-US trade negotiations spurred investor sentiment on the first trading day of the second quarter.

Eventually, the European index tacked on by about 0.9%, with all key sectors inching up.

While profits spread across all regional bourses, meanwhile, Germany's trade-sensitive DAX managed to outperform, demonstrating its 1.3% leap, underpinned by a 3% rally in car shares that were braced for their best daily leap since January 4.

Additionally, Peugeot SA headed north by 3%, while Fiat Chrysler Automobiles surged by nearly 1.6% on the news that the two companies are actually exploring a partnership with the aim of sharing investments to manufacture vehicles in the European Union.

EU chip shares turned out to be another bright spot after better-than-anticipated outcomes from Apple-supplier Foxconn Industrial.

Stocks in Infineon Technologies, Dialog Semiconductor Plc, STMicroelectronics N.V., and Ams AG and Siltronic AG tacked on by 3%-5%.

The positive mood spread from Asian markets, right after both official as well as private polls revealed that factory activity in China suddenly rallied for the first time for four months in March.

China's economic data emerges on the heels of new worries over a decelerating world economy, which resurfaced in February right after the major US bank suddenly gave up its plans for policy tightening in 2019 and also signs from the bond market of an inevitable meltdown.

The economic surge in China is going to increase from here and it’s the strongest sign driving the financial markets today,

Britain’s FTSE 100 as well as the Dublin index, often considered to be a gauge for Brexit mood, tacked on by about 0.7%.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera