Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

European Indices Trade Higher, Seek Two-Week Winning Streak

Stock Markets Jun 03, 2022 03:39AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

by Daniel Shvartsman

Investing.com -- European indices opened higher in trading on Friday morning, picking up where U.S. indices left off in a rally that could cinch a two-week bullish run for European markets.

At 03:30 am ET (0730 GMT), the DAX traded 0.3% higher, while the Euro Stoxx 50 was up 0.25%. The CAC40 (+0.2%), and the IBEX 35 (+0.4%) were also up, while the FTSE MIB dipped 0.2%. The FTSE 100 is closed for trading today due to the Queen's platinum jubilee.

The big economic news this morning was German exports numbers, which came in ahead of expectations at 4.4%, as did the trade surplus, coming in at €3.5 billion vs. an expectation of €1.6 billion. This came with the backdrop of fears that the Russia-Ukraine war and related sanctions would have slowed the German economy down.

The same broader question is in play for PMI reports which will be released throughout the morning across the Eurozone. These reports come amidst the persistently high inflation numbers, high oil prices, and fears of an economic slowdown. Expectations are for readings above 50, meaning economic activity growth in the given countries.

In individual company names, Adidas AG (ETR:ADSGN) is among the leading gainers in the Euro Stoxx 50 and the DAX, up 1.8% as of 03:30 am ET, while Stellantis NV (EPA:STLA) is among the leading laggards, down 0.9%.

If indices can maintain gains, it would mark their first two-week winning streak since mid-March.

 
European Indices Trade Higher, Seek Two-Week Winning Streak
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email