Connect with us


European markets open until the end of the turbulent week




LONDON European markets closed higher on Friday, following global gains as another volatile trading week closes.

The pan-European Stoxx 600 added 0.5% to close, with travel and leisure stocks up 2% to guide profits as almost all major sectors and stock exchanges ended in positive territory.

European stocks still marked a negative week, with a 1.3% decline, as they closed significantly lower on Thursday, as inflation concerns and ominous earnings ratios from US retailers hurt global sentiment.

Markets in Asia-Pacific advanced on Friday, with Hong Kong’s Hang Seng index leading the profit, as China kept its key one-year lending rate unchanged at 3.7% but cut its key five-year lending rate by 15 basis points.

US stocks fell on Friday, extending losses from the beginning of the week and placing the S&P 500 at the top of a low market.

Stock Choices and Investment Trends by CNBC Pro:

We expect inflation to ease in the second half of the year and then into 2023, but we may have bad surprises.

Pierre-olivier gourinchas

Chief Economist, IMF

IMF chief economist Pierre-Olivier Gourinchas told CNBC on Friday that leaders predict supply chain cuts will ease in the coming months, easing some of the global price pressures. However, he warned that there are still a number of risks to the outlook.

“We see lockdowns in China that are being prolonged that could lead to further disruptions, we see increases in energy prices and possibly food prices that will flow down in the direction of headline inflation,” Gourinchas said.

“So we expect inflation to ease in the second half of the year and then in 2023, but we may have bad surprises.”

On the data front, German producer prices rose 33.5% year-on-year in April, a new record annual increase as the war in Ukraine pushes sky-high energy costs into Europe’s largest economy.

UK retail sales rose sharply in April by 1.4% month-on-month, the Office for National Statistics said on Friday. However, economists expect this to be a blow to another downward trajectory.

“However, the outlook is definitely challenging. Today’s consumer confidence figures have fallen below all-time lows, and this is especially evident when looking at the consumer outlook for personal finance,” said James Smith, a market economist. in ING.

“Consumers Assuming remain more enthusiastic about spending services than goods in the near term, we suspect that this squeeze cost of living will be felt more acutely on the high street and among online retailers over the coming months.”

In terms of individual stock price movement, Denmark’s Rockwool International rose 8% to lead the Stoxx 600 after its first-quarter earnings report.

At the bottom of the index, Swiss luxury goods company Richemont fell 13% after its full results.

Subscribe on CNBC PRO for exclusive knowledge and analysis, and live programming of the working day from around the world.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]