European shares advance ahead of inflation data, more c.bank speakers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: reuters
- European Shares Advance: European shares rose after last week's declines, driven by gains in bank stocks and positive sentiment from the U.S. markets hitting record highs.
- Sector Performance: Travel and leisure sectors led gains, with Whitbread boosting the sector after reaffirming its annual forecast.
- Bank Stocks Recovery: Lenders in the region continued to recover, gaining 0.8% after an 8% drop the previous week.
- Upcoming Focus: Market attention shifts to central bank officials' commentary, including U.S. Federal Reserve and European Central Bank speakers, along with economic data releases.
- Stock Upgrades and Downgrades: Companies like Schneider Electric, Novonesis, and STMicroelectronics saw stock upgrades, while Ashtead Group and Carrefour faced challenges leading to drops in their share prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
