• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

European shares on track for fourth straight weekly gain as yields fall

by January 17, 2025
written by January 17, 2025

(Reuters) – European shares advanced in broad-based gains on Friday as government bond yields continued to ease, keeping the STOXX 600 on track for its fourth straight weekly gain.

The pan-European STOXX 600 was up 0.4% as of 0815 GMT, on track for a more than 1.5% jump for the week.

Construction and materials stocks rose 0.8%, amongst the top STOXX sub-sectors, while utilities added 0.7%.

Yields across European government bonds eased, with the yield on the 10-year bund last at 2.494%, down for the third straight day.

UK’s FTSE 100 outperformed its continental peers, gaining 0.8% after British retail sales fell unexpectedly in December, adding to a run of downbeat economic indicators that are likely to further boost expectations for a Bank of England interest rate cut next month.

Glencore (OTC:GLNCY) gained 1.9%, while Rio Tinto (NYSE:RIO)’s London-listed shares were up 1.2%. Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, Reuters reported.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
KKR hires Goldman for selling stake in Philippine fintech Maya, sources say
next post
Futures higher, State Street to report, China GDP – what’s moving markets

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Empty desks and tears mark five colleagues killed in South Korean plane crash
    • ECB’s Centeno sees further gradual rate easing in coming quarters

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy