CAC 40 (^FCHI)
- Bloomberg
Bumper Profits Hand European Stocks Their Best Week in Months
(Bloomberg) -- European stocks posted their biggest weekly gain since January after a slew of better-than-expected earnings reports and as confidence grows that rate cuts are still possible this year.Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealFord Cuts Battery Orders as EV Losses Top $100,000 Per CarElon Musk Pledges to Grow Supercharger Business He Just DecimatedJim Simons, Code Breaker W
- Yahoo Finance Video
Stock markets, China tariffs, Novavax and Sanofi: 3 Things
The major stock market indexes (^DJI, ^IXIC, ^GSPC) are on the road to closing out the first full trading week of May on a high note, alongside several of its European counterparts: the FTSE 100 (^FTSE), the DAX Performance Index (^GDAXI), and the CAC 40 (^FCHI). President Biden is reportedly set to announce updates on Trump-era trade tariffs on China. Novavax (NVAX) shares are skyrocketing over 110% on news of the biotech company's plans to licensing deal with Sanofi (SNY, SAN.PA) to co-commercialize its COVID-19 vaccine For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance UK
Wall Street follows FTSE 100 and Europe's record highs
US stocks opened higher after economic data this week supported bets of interest rate cuts.
