European shares rise on Wall Street bounce; focus on data-packed week By Reuters
2024-02-12 17:20:04
more 
1159

(Reuters) - European shares climbed on Monday, catching the tailwind from a bounce on Wall Street that pushed the to close above 5,000 for the first time, while investors tracked earnings and economic data to gauge the European Central Bank's rate outlook.

The pan-European edged 0.3% higher by 0810 GMT, with all the sectors trading in the green except energy shares that tracked oil prices lower.

Italian stocks were the outperformers among regional peers in early trade with a 0.6% jump.

The week is packed with economic data including euro zone's fourth-quarter GDP growth, consumer price inflation from Spain and other regions and ZEW survey to gauge industry expectations on the state of the region's economy.

Across the Atlantic, investors will keep a close eye on the U.S. January CPI print on Tuesday for clues on the timing of a potential rate cut by the Federal Reserve.

Shares of Tod's soared 17.4% after private equity firm L Catterton said it would launch a tender offer to buy 36% of the luxury shoemaker at 43 euros per share.

Novo Nordisk (NYSE:) rose 1.2% on report that its controlling shareholder Novo Holdings plans to invest up to $7 billion annually by 2030.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。