European Stocks on Track for Longest Winning Run Since 2012 [BNN Bloomberg (Canada)]
MorphoSys AG - American Depositary Shares (MOR)
Company Research
Source: BNN Bloomberg
streak since 2012, amid growing confidence in the economy and upcoming interest-rate cuts. The Stoxx Europe 600 Index dropped 0.2% as of 9:06 a.m. in Paris. The benchmark eased to 508.86 points, a level which is still almost 2% higher than the median estimate for where the index is expected to finish 2024, according to a Bloomberg poll of 16 strategists. The real estate and food, beverage and tobacco sectors led gains while technology lagged. Among individual stocks, Adidas, Puma and JD Sports shares fell after Nike warned investors that sales will take a hit later this year as it works to realign merchandise to better match what shoppers want to buy. European stocks are set for a second quarter of gains amid optimism about potentially easier monetary policy, which was boosted by the Bank of England signaling rate cuts were “in play” and the unexpected rate reduction by the Swiss National Bank. “Yesterday was the end of the high-rate era; with the SNB cutting rates and with th
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