European stocks start third quarter with sturdy revenues

On Monday, European stocks started the fresh quarter with firm profits and Asian stocks kept to two-year profits, while the US dollar leapt from nine-month minimums as American Treasury yields reached their highest value since mid-May.

Crude prices edged down because American drilling activity dipped for the first time since January, although revenues were capped after a Reuters poll, which showed that last month OPEC output reached its year’s peak.

The pan-European STOXX 600 index that experienced its biggest month loss in 2017 on concerns over tightening monetary conditions, inched up 0.7% in early trade, driven by banks as well as basic resources firms.

France's CAC 40 index tacked on 0.8%, Spain's IBEX gained 0.9%, Italy's FTSE MIB surged 1%, while Britain's main benchmark FTSE 100 index leapt 0.3%.

Outside Japan MSCI's broadest index of Asia-Pacific stocks stood still, keeping to a stone's throw of a two-year high reached the previous week.

Similar

15.10.2021 12:36 What will move the market on October 18-22?

The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?

22.09.2021 16:37 What to expect from Microsoft event?

On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.

15.09.2021 14:33 Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.