European shares rise on China stimulus; luxury stocks shine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Should l Buy ?
Source: Reuters
European Market Performance: European shares rose, with the pan-European STOXX 600 index gaining 0.9%, driven by China's stimulus measures that boosted luxury companies and miners, particularly in France where stocks jumped 1.5%.
Investor Sentiment and Economic Outlook: The potential for further rate cuts by the U.S. Federal Reserve is positively influencing European markets, while German business morale declined, yet the country's benchmark index still saw a slight increase.
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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.
