European stocks on track for first monthly loss since January

2021-09-30 12:11:06 GMT (Economies.com)
European stocks on track for first monthly loss since January

European shares rose on Thursday, extending gains for the second straight session led by miners, but remain on track for the first monthly loss since January, due to fears of tightening the US monetary policy, and worries about the Chinese economy after the Evergrande company's crisis.

 

The Stoxx Europe 600 index rose 0.3% as of 11:11 GMT, after closing higher by 0.6% yesterday, and rebounded from 1-week low.

 

The mining sector saw the largest gains in Europe today, with a rise of more than 1.7%, after better-than-expected industrial data in China.

 

Most export companies in Europe rose after the euro's fall to a 14-month low against the US dollar, which helps in lifting exports.

 

The Stoxx Europe 600 index fell more than 3.0% this month, its first monthly loss since January, due to profit taking from a 7-month gains streak and the all-time high of 476.16 points.

 

Alongside profit-taking, European stocks fell this month due to due to concerns over the tightening of the US monetary policy, and worries about the Chinese economy after the Evergrande company's crisis.

 

S&P 500 futures rose 0.3% today, after the index closed higher by 0.2% on Friday, after posting the largest daily loss in 4 month on Tuesday.

 

Back to Europe, the Euro Stoxx 50 index rose 0.2%, France's CAC 40 rose 0.1%, Germany's DAX index rose 0.1%, and the UK's FTSE 100 rose 0.3%.

 
 
 
  Symbol Last Change Chg.%
1.1606
-0.0005
0.0418%
1.3756
0.0017
0.1223%
Tadawul
11855.87
9.94
0.08%
24.409
1.095
4.697%
84.812
1.466
1.759%
86.28
0.73
0.85%
1801.995
32.255
1.823%
 
 
US
 
Europe
 
Asia