STOXX

European shares advance as Trump claims victory

European shares opened higher on Wednesday, tracking an advance in US stock futures, as Donald Trump claimed victory in the presidential election and Republicans took control of at least one chamber of Congress.

Fox News projected that he had defeated Democrat Kamala Harris although other news outlets had yet to call the race for Trump.

European stock markets gain more than 1% on the back of Trump’s victory

European stocks opened higher as global markets focused on the vote count after the U.S. presidential election.

The pan-European Stoxx 600 index was up 0.58% shortly after the start of trading, with regional bourses and sectoral indices broadly higher. Media stocks gained 2%, while utilities fell 1.66%. Currently, the pan-European index is up 1.14% at 515.35 points.

European shares hit one-week high as ECB cuts interest rates

European shares jumped on Thursday after the European Central Bank (ECB) cut interest rates again as inflation hovers within striking distance of its 2% target and the domestic economy is skirting a recession.

The pan-European STOXX 600 index was up 0.8% at 511.98 points, hitting one-week highs, with all regional bourses ending the session with healthy gains.

Britain: Stock markets in London and Europe opened with a rise after Labour’s victory

Shares in London rose today after Labour’s sweeping victory in the general election, creating a sense of stability for investors who expect it to end years of market volatility.

The blue-chips FTSE 100 index rose 0.3 percent after posting its best daily performance in nearly two months yesterday, while the mid-cap FTSE 250 index was up 0.2 percent at 10:05 a.m. GMT.

Euro and European Stocks Surge on French Election Results

European markets reacted positively to the results of the first round of parliamentary voting in France, with the euro strengthening on the foreign exchange market and stocks opening higher on Monday. Marine Le Pen's National Rally secured the lead in the election, but with a smaller margin than anticipated by pre-election polls.

ASE posts mild gains to end week

The Athens Stock Exchange posted mild gains on low turnover Friday without venturing into negative territory. However, it ended lower for the week for a second consecutive time.

The general index closed at 1,319.52 points, a gain of 0.40%, on turnover of €76.1 million. Blue chips rose 0.41%, mid-caps 1.55% and banks 1.53%.

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