European shares rose on optimism for interest rate cuts and strong economic indicators.
European shares rose, with investors optimistic about interest rate cuts. A weaker-than-expected April US jobs report supports the case for rate cuts by the third quarter. The Eurozone's PMI services index improved to 53.3 in April, and Eurozone Sentix Investor Confidence increased to -3.6 in May. The pan-European STOXX 600 rose 0.3%, with energy leading sectoral gains.
May 06, 2024
5 Articles