Loading...

mosque
partly-cloudy
°C,

European stocks rebound at end of volatile week

May 14, 2021 / 1:16 PM
Image for the title: European stocks rebound at end of volatile week
download-img
Sharjah 24 – Reuters: European shares rose on Friday, as investors picked up beaten down stocks after rising inflation worries led to sharp losses earlier this week.
The pan-European STOXX 600 index rose 0.6% by 0718 GMT, with travel and leisure and retail stocks leading the gains. The benchmark was still on course for a 1% weekly drop, its worst since late February.

Global markets were rattled this week after a rally in commodity prices as well as quickening U.S. inflation raised fears about interest rate hikes.

Italy's Banco BPM rose 2.2% After Deutsche Bank upgraded the stock to "buy", saying the lender's "speculative appeal" could increase in the next few months.

French food group Danone slipped 1.8% after Goldman Sachs downgraded the stock to "sell", saying weaker demographic trends, particularly in China, will weigh on its specialised nutrition business. 
 
May 14, 2021 / 1:16 PM

Related Topics

More on this Topic

Rotate For an optimal experience, please
rotate your device to portrait mode.