32 Days
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الاقتصادية
European stocks end 4-week winning streak amid pressure from technology sector
European stocks ended a four-week winning streak due to declines in tech shares and renewed tensions in the Middle East, which caused fluctuations in oil markets. The Stoxx 600 index fell by 1.8% over the week, with tech stocks dropping 1.8% this week and 1.3% today. Shares of companies like Swatch and ASM International also declined. Conversely, stocks in the telecommunications and travel sectors increased, with Vodafone up by 12.6% and EasyJet by 14.3%, while St. James's Place shares fell by 8.5%. Geopolitical risks continue to play a significant role in the stock market, as investors await corporate earnings reports, aiming to refocus on fundamental factors and propel the market toward renewed momentum.
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