European stocks rose Friday as strong results from US tech titans Microsoft and Google-parent Alphabet bolstered the tech sector, while investors eagerly awaited the release of the PCE price data from the US later that day, seeking insights into the Federal Reserve's monetary policy trajectory. Thursday's data, revealing an uptick in first-quarter inflation, hinted that the US central bank might defer interest rate cuts until September. Among individual stocks, Thyssenkrupp soared by 9% after announcing its intention to sell a 20% stake in its steel business, and Amundi climbed 7% as it posted upbeat Q1 inflows. Meanwhile, Airbus fell more than 2% after reporting weaker-than-expected Q1 operating profit and cashflow, while SAAB dropped 1.5% despite upgrading its sales outlook, and Remy Cointreau declined 1% even though it posted better-than-expected sales figures. Finally, Anglo American rejected BHP's £31.1 billion takeover bid, stating that it significantly undervalued the company.
The main stock market index In the Euro Area (EU50) increased 452 points or 9.99% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Euro Area. Historically, the Euro Area Stock Market Index (EU50) reached an all time high of 5522.42 in March of 2000. Euro Area Stock Market Index (EU50) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index In the Euro Area (EU50) increased 452 points or 9.99% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Euro Area. The Euro Area Stock Market Index (EU50) is expected to trade at 4983.79 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4696.57 in 12 months time.