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European Stocks Tick Higher on Easing Inflation; Miners Decline
European Stocks Tick Higher on Easing Inflation; Miners Decline

Bloomberg

time2 days ago

  • Business
  • Bloomberg

European Stocks Tick Higher on Easing Inflation; Miners Decline

European stocks edged higher as euro-area inflation eased more than expected, bolstering the case for further interest-rate cuts. Miners dropped after glum China economic data. The Stoxx 600 Index closed up 0.1%, erasing a decline of as much as 0.5%. That's as US equities shrugged off earlier concerns after the OECD warned that President Donald Trump's trade policies have tipped the world economy into a downturn. Jobs data showed the US labor market is holding up.

Stock Movers: European Miners, UBS, MJ Gleeson (podcast)
Stock Movers: European Miners, UBS, MJ Gleeson (podcast)

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Stock Movers: European Miners, UBS, MJ Gleeson (podcast)

On this episode of Stock Movers: - Miners could be on the move Tuesday as base metals fall on concern about China's economic outlook, as a gauge of the country's manufacturing activity fell to its lowest level in more than two years. - UBS shares jump as much as 4.1% after Jefferies upgraded the stock to buy from hold, saying that the bank may be reaching a potential turning point on capital, with some clarity expected this week. - MJ Gleeson slashed guidance, citing a slow housing market recovery in the UK and planning delays.

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