European Stocks Open Higher
London, 9 September 2024
Monday's opening for European equities markets was expected to be higher due to a technical rebound following last week's steep losses for regional benchmarks.
Due to fresh fears of a US recession, the benchmark Euro Stoxx 50 Index fell 4.44% last week, ending a four-week rally.
In response to a less positive than anticipated US jobs report on Friday, European markets also withstood a widespread selloff in the Asia Pacific area on Monday. In the meantime, no significant profits or data have been revealed in Europe today. In premarket trading, the Euro Stoxx 50 and Stoxx 600 futures saw increases of 0.4% and 0.3%, respectively.
Stats
The primary index of the stock market The benchmark index from the Euro Area (EU50) has climbed by 217 points, or 4.79%, since the start of 2024, based on trading on a contract for difference (CFD) that monitors it. The Euro Area Stock Market Index (EU50) peaked in March 2000 at a historical high of 5522.42. The most recent update to the Euro Area Stock Market Index (EU50) data, projections, and historical chart was made on September 9th, 2024.
Forecast
The primary index of the stock market The benchmark index from the Euro Area (EU50) has climbed by 217 points, or 4.79%, since the start of 2024, based on trading on a contract for difference (CFD) that monitors it. By the end of this quarter, traders and analysts at Trading Economics predict that the Euro Area Stock Market Index (EU50) will trade at 4925.26 points. In the future, we predict that it will trade at 4828.58 in a year. (Source: Trading Economics)
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