24 Hrs
Source:
الوئام
European stocks rise in July despite tensions
European stocks ended July with modest gains, experiencing a slight decline of 0.1% as strong corporate results continued to boost confidence, despite geopolitical tensions and rising valuations of AI companies. The STOXX 600 index closed at 649.19 points after reaching an intra-day high. Sector performance was characterized by a more than 25% drop in Universal Music shares following its half-year results, while the technology sector posted limited gains supported by results from major American companies such as Microsoft. Meta experienced declines due to increased spending on artificial intelligence. Oil prices rose above $90 per barrel, supporting the energy sector, which delivered the best performance among European industries amid ongoing tensions in the Middle East. Despite anticipation of the impact of US monetary policies, corporate earnings continued to bolster the market, and investors displayed confidence in these companies’ ability to face global economic challenges.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)