Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

European stocks rebound at end of volatile week

Published 05/14/2021, 03:29 PM
Updated 05/14/2021, 03:30 PM
© Reuters.
DANO
-
BAMI
-
SXRP
-
STOXX
-
SXTP
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 14 (Reuters) - European shares rose on Friday, as
investors picked up beaten down stocks after rising inflation
worries led to sharp losses earlier this week.
The pan-European STOXX 600 index .STOXX rose 0.6% by 0718
GMT, with travel and leisure .SXTP and retail .SXRP stocks
leading the gains. The benchmark was still on course for a 1%
weekly drop, its worst since late February.
Global markets were rattled this week after a rally in
commodity prices as well as quickening U.S. inflation raised
fears about interest rate hikes.
Italy's Banco BPM BAMI.MI rose 2.2% After Deutsche Bank
upgraded the stock to "buy", saying the lender's "speculative
appeal" could increase in the next few months.
French food group Danone DANO.PA slipped 1.8% after
Goldman Sachs downgraded the stock to "sell", saying weaker
demographic trends, particularly in China, will weigh on its
specialised nutrition business.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.