1 week Ago
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks opened higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index opened 0.
47% higher, with all sectors and major bourses trading in the green. Tech led gains, up 1.43%, while travel and leisure stocks were also 1.
18% higher. The higher open for regional markets comes after a lackluster start to the new trading week in the Asia-Pacific region. Markets there fell overnight , with Japan's Nikkei 225 leading losses in the region, after the weaker-than-expected U.
S. jobs report on Friday. U.
S. nonfarm payrolls rose by 142,000, missing a 161,000 gain estimated by economists polled by Dow Jones. On the other hand, the unemployment rate edged down to 4.
2%, in line with expectations. The data has stoked fears of a slowing labor market in the U.S.
Stock picks and investing trends from CNBC Pro: This Swiss chip stock is set ride the AI boom, analysts say — and one gives it 75% upside Wall Street is turning less bullish on tech darling ASML for several reasons U.S. stock futures were lower on Sunday night following a tough week markets stateside; the S&P 500 tumbled 4.
3%, registering its worst week since March 2023. The Nasdaq Composite plunged 5.8% for its worst weekly performance since 2022, while the 30-stock Dow dropped 2.
9%. There are no major earnings or data releases in Europe Monday..
