Market News: Europe Stocks Retreat After Rallying to Highest Since June – Bloomberg

Date:

- Advertisement -

Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Argentina Is Pressing US for Exception to Tap EV Tax Bonanza
Carolina Panther’s Owner Tepper Under Investigation for Scrapped NFL Facility
The Job Market Is Too Tight for Fed Comfort as Labor Pool Shrinks
More Americans Leave the Workforce as Participation Rate Drops Again
Nagel Hints at ECB QT Without Caps, Praising Market Resilience
Biden’s Climate Bill Is a Put Option on Automakers’ Big EV Bets
Amazon’s Media Chief Jeff Blackburn to Retire in Division Shakeup
It Took Two Tries to Quit Finance. Now She’s Selling Harleys to Commuters
Amazon’s Media Chief Jeff Blackburn to Retire in Division Shakeup
Lapsus$ Hacking Group Will Be Focus of DHS Cyber Review Board
GOP’s Toomey, Who ‘Bought the Hype’ on FTX, Now Aims to Pass Crypto Law
The Oil Price Cap Looks Set to Keep Russian Oil Flowing
China Oceanwide Has Potential Buyer for $1.2 Billion LA Project
Sellers Are Pulling Properties off the Market at Record Pace
Robert Downey Jr. Talks of One Last Film With His Dad, ‘Sr.’
Uruguay Beats Ghana 2-0 At World Cup But Both Teams Out
That Fed Pivot on Interest Rates May Be Delayed Awhile
Service Wages Keep Bedeviling Powell and the Markets
Last Exit from Blackstone?
Can Duolingo Actually Teach You Spanish?
Ryanair, EasyJet Scale Back in Germany Over Airport Fees
11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall
Balenciaga Designer Apologizes for Ad Campaign Featuring Kids
Same-Sex Marriage Returns to Supreme Court in Web Designer’s Free Speech Bid
Hurricane-Force Wind Gusts Whip Across Central US, Including Texas and Colorado
Pennsylvania Natural Gas Leak Probed by Federal Investigators
Federal Transportation Program Expands to Curb Crashes and Emissions
New San Francisco DA Vows to Fight the City’s ‘Lawlessness’
France to Raise Toll-Road Fees, Boost Frequent-Driver Rebates
This Week in Crypto: BlockFi’s Chapter 11 Bankruptcy (Podcast)
Crypto Feels the Wrath of FTX’s Demise Through Bankruptcies (Podcast)
Bankman-Fried’s Latest Crypto Advice Rings Hollow After FTX Failures
and

Subscriber Benefit
Subscribe
Sign In
European stocks trimmed the longest weekly gaining streak since April 2021 as hotter-than-expected US jobs data fueled fears that the Federal Reserve will have to keep policy tighter for longer.
The Stoxx Europe 600 Index retreated 0.2% by the close in London, paring a decline of as much as 1% after the US data was published. In the week, the index added 0.6% for the seventh week of gains. Energy, utilities and rate-sensitive technology stocks led the decines as bond yields spiked, while the real estate and retail sectors outperformed. Credit Suisse Group AG jumped 9.3%, the most since May 2020, after its chairman said the bank had managed to essentially halt the outflow of assets.

source

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

ADVERTISEMENT

Popular

More like this
Related

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...