European Stocks Rise After Holiday With Miners, Energy Leading [BNN Bloomberg (Canada)]
BE SMCNDCTR INDUS S/ADR (BESIY)
NASDAQ:AMEX Investor Relations:
besi.com/investor-relations
Company Research
Source: BNN Bloomberg
Investors were focused on the path of interest rates after US manufacturing data on Monday. The Stoxx Europe 600 rose 0.3% as of 8:12 a.m. in London. Miners led gains. Energy stocks outperformed as oil advanced to a fresh five-month high, with heightened geopolitical risks in the Middle East and tighter supply from Mexico helping to buoy prices. Real estate shares lagged. Among individual movers, BE Semiconductor Industries NV jumped after getting an upgrade at Barclays Plc. UBS Group AG is also in focus after it said it would begin a new share buyback program of up to $2 billion beginning in 2024. Bond traders priced in less monetary-policy easing by the Federal Reserve this year after a gauge of US manufacturing activity showed expansion for the first time since 2022. Meanwhile, Fed Chair Jerome Powell on Friday said the US central bank isn't in any rush to cut interest rates as policymakers await more evidence that inflation is contained. European stocks just marked their b
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- European Stocks Rise After Holiday With Miners, Energy Leading [Financial Post (Toronto, Ontario, Canada)]Financial Post