Economic news

EU shares rise is spearheaded by retailers

EU shares rose in today’s deals, following a subdued beginning of 2018 trading with retail stocks in the lead, while the attention was also focused on changed rules of the financial market.

The STOXX 600 added 0.3%, DAX moved up 0.4%, while UK's FTSE 100 remained the same.Indexes were boosted by healthcare, IT companies, though robust trading was not likely in the wake of the holiday period and when the changed EU market rules come into effect.

There wasn’t much news on firms, but UK retailer Next had shares leap by 8.5% following the profit prediction rise due to more-than-expected revenue during the Christmas time.

US stocks gained right away in 2018 and the Nasdaq closed surpassing 7,000, which is the first such instance, yesterday, as investors expect that this year is going to bring more for the market.

The S&P 500 index closed at an unprecedented mark too, while tech, healthcare, and materials have grown by 1% in a day.

Main indexes of the end of 2017 were at the top levels since 2013. A lot of investors hold the opinion that the trend could keep in the new year, assisted by the US tax revamp that is forecasted to drive up the economy in general.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree