European shares rise on China data and Wall Street gains

Normal

December 27, 2023

14:32 PM

European shares rise on China data and Wall Street gains

European stocks edged higher on Wednesday, with mining shares higher on strong Chinese data, while technology shares gained support from gains on Wall Street.
The European STOXX 600 index rose 0.1% to 477.83 points, while the main Wall Street indices gained more than 0.4% last night.
The basic resources sector was one of the biggest winners, rising 0.4%, and prices of most base metals and iron ore rose after data showed improved manufacturing activity in China, a key consumer last month. Energy stocks also rose 0.6%.
The technology sector, which includes Europe's major chipmakers, led Wall Street firms up 0.7%.
But telecom and insurance sectors each fell 0.4%, limiting gains.
With only a few trading days left in 2023, trading is expected to be thin as traders return from the Christmas break.
Shares in Bayer rose 1.7% after the German pharmaceuticals and pesticides maker said it had won a lawsuit filed by a California man. (Reuters)

See also  The performance of the Gulf stock markets varied with the stability of oil prices
  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 127 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?