From Investing.com: 2024-04-29 03:20:05

European stock markets rose on Monday following strong corporate earnings and ahead of key German inflation data. The DAX in Germany traded 0.4% higher, the CAC in France rose 0.3%, and the FTSE in the U.K. climbed 0.4%. U.S. tech earnings and European earnings are in focus.

Vivendi stock fell despite strong revenue growth, while Philips rose after meeting expectations and reaching a settlement in the U.S. BBVA stock also rose after beating profit forecasts due to increased lending income. Earnings season continues in Europe with various companies reporting results.

Inflation in the eurozone rose 3.3% annually in April, above the ECB’s target. Attention is on German CPI data later in the session. Speculation about ECB rate cuts continues. Oil prices fell as Israel-Hamas peace talks eased tensions in the Middle East. Gold prices fell slightly while the euro remained stable.

Oil prices dropped amidst peace talks between Israel and Hamas, reducing fears of a supply disruption in the Middle East. The Hamas delegation is in Cairo for ceasefire discussions, responding to Israel’s recent truce proposal. Gold prices and the euro were relatively stable during this period.



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