European stocks struggle to continue US tech rally, S&P 500 steady

From Yahoo Finance: 2024-06-19 06:22:12

European stocks and US equity futures paused as traders looked for catalysts to extend tech-driven gains. S&P 500 steady after hitting 31st record high of 2024. Pan-European Stoxx 600 slipped 0.2%, bond yields in Europe edged higher. Brazilian real slid ahead of rate decision. Despite wobble from French political tensions, European stocks stand 2% off record highs. AI frenzy and resilient economy lifting Wall Street. UK data shows signs of slowing inflation worldwide. BOE unlikely to cut rates on Thursday. French assets selloff abates, Golden Goose Group IPO canceled. Key events include Juneteenth holiday, China loans, Eurozone confidence, UK BOE rate decision, US housing data. Stocks little changed, cryptocurrencies and bonds relatively stable.



Read more at Yahoo Finance: European Stocks Struggle to Build on US Tech Rally: Markets Wrap