European shares advance ahead of inflation data, more c.bank speakers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Should l Buy ?
Source: reuters
- European Shares Advance: European shares rose after last week's declines, driven by gains in bank stocks and positive sentiment from the U.S. markets hitting record highs.
- Sector Performance: Travel and leisure sectors led gains, with Whitbread boosting the sector after reaffirming its annual forecast.
- Bank Stocks Recovery: Lenders in the region continued to recover, gaining 0.8% after an 8% drop the previous week.
- Upcoming Focus: Market attention shifts to central bank officials' commentary, including U.S. Federal Reserve and European Central Bank speakers, along with economic data releases.
- Stock Upgrades and Downgrades: Companies like Schneider Electric, Novonesis, and STMicroelectronics saw stock upgrades, while Ashtead Group and Carrefour faced challenges leading to drops in their share prices.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
