European Daily Market Review

By X-blogger - on March 15, 2024

A European markets partly advanced today as investors reviewed U.S. inflation data.

European stocks markets are in their eighth consecutive week of rallies, the longest since 2018.

The markets are boosted by predictions thatby conviction that euro interest rates could tumble in the coming months.

The German DAX inclined 45.28 or 0.25% from 17,987.The French CAC-40 gained 24.77 or 0.30% from 8186.

FTSE-100 slipped 4.27 or 0.06% from 7,738.Shares of Porsche AG jumped yesterday after the German luxury carmaker forecast a tougher 2024, but also reported a dividend.

The pan-European Stoxx 600 fell 0.2% higher at around 10:30 a.m. London time, paring earlier losses.

Shares of Vonovia dropped 6% this morning shortly after Germany’s largest landlord announced its biggest ever annual retreat.

In fact, the residential real estate company on Thursday declared an annual loss of 6.76 billion euros ($7.35 billion) for 2023.

Ukraine’s armed forces attacked a small oil refinery in Russia’s Kaluga region with drones this morning. 

Kyiv has carried out a string of drone attacks on major Russian oil facilities in the last week, hoping to harm the Russian economy.

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