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European Stock Market Rebounds Amid Inflation Concerns

European stocks rebound with gains for automotive and defense, offsetting bank losses. Stoxx Europe 600 up 0.7%, FTSE 100 up 1.50%, as US inflation concerns linger.

European stocks paused back as investors awaited fresh catalysts after last week’s push close to a record high. US markets are shut for the day, leaving European markets to trade on their own. The new trading week started on a negative note, changing course after largely positive sentiment last week. European shares rose as gains for automotive and defense stocks offset losses for banks. The Stoxx Europe 600 index advanced 0.7%, while the FTSE 100 index increased 1.50%. This rebound comes after Wednesday’s sharp losses, as dealers went fishing for bargains. It has been quiet in Asia on Monday, but US inflation looms large with Asia on holiday.

European stocks closed higher following two positive sessions

On Friday, European stocks closed higher, following two positive sessions that have taken the regional benchmark back toward its record high. The Stoxx Europe 600 index rose 0.62% to 491.59, while the FTSE 100 index increased 1.50% to 7711.71. The gains were driven by the automotive and defense stocks, which offset the losses faced by banks. Investors are pausing now as they wait for fresh catalysts after last week’s push close to a record high. US markets were shut for the day, leaving European markets trading on their own. European shares had started the new trading week on a negative note but changed course after a largely positive sentiment last week.

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Summary:

  1. European stocks paused as investors await fresh catalysts after last week’s push close to a record high.
  2. European markets started the new trading week on a negative note, changing course after largely positive sentiment last week.
  3. European stocks closed higher on Friday, with the Stoxx Europe 600 index rising 0.62% and the FTSE 100 index increasing 1.50%.
  4. Gains for automotive and defense stocks offset losses for banks.
  5. Stocks rebounded on Wednesday after sharp losses the previous day, as dealers looked for bargains.
  6. US markets were shut for the day, leaving European markets to trade on their own.
  7. Asian markets were quiet on Monday, while US inflation looms large.

Citation: “European markets started the new trading week on a negative note, changing course after largely positive sentiment last week.” (source)

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