A stock trader looks at a monitor in the trading room of the Frankfurt Stock Exchange. Concerns about new coronavirus mutations in southern Africa have dealt a major blow to German stocks.
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LONDON – European stocks were higher on Tuesday after a mixed start to the trading week.
this Stoke 600 The index was up 0.52% as of 11:00 a.m. London time, with most sectors and major exchanges in the red. Travel and leisure stocks led the gains, rising 1.5%, while household goods stocks fell 0.27%.
Markets were mixed on Monday. France’s CAC 40 index rose 0.9% after mixed early trading as investors weighed the possibility of a victory for the far-right National Rally party in the country’s upcoming parliamentary elections. The index fell more than 6.2% last week.
Investors are looking forward to Thursday’s Bank of England policy rate decision. The market generally expects the central bank to keep interest rates stable at 5.25%. Most central banks Economists surveyed by Reuters Production cuts are forecast for August.
Asia-Pacific stocks rebounded overnight on Tuesday and Wall Street soared on Monday as investors awaited an interest rate decision from the Reserve Bank of Australia. Meanwhile, S&P 500 futures were nearly flat Monday night after a day of gains on Wall Street as investors braced for May retail sales data.
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