European stocks rise after UK election results, US jobs data; market optimistic with potential Fed rate-cut signals

From Investing.com: 2024-07-05 03:05:40

European stock markets rose post U.K. election results and ahead of U.S. jobs data. Labour Party’s win in U.K. created market optimism. Far-right parties’ growth causes concern in France. Eurozone economy weakens, leading to expectation of more ECB easing. Focus on U.S. jobs report for Fed rate-cut signals. Shell faces hefty impairment charge in corporate news.

Oil prices on the rise with strong summer demand outlook in the U.S. WTI futures at $83.71 per barrel, Brent crude at $87.15 per barrel. U.S. crude and fuel stockpiles down last week, supporting market sentiment. Geopolitical tensions in Middle East further boosting oil market. Market watch for continued gains.

Investors eye U.K. political climate after Labour Party’s election win. U.K. stocks and pound rise as market anticipates stability. French parliamentary election outcome key for EU challenges. ECB signals more easing due to slow eurozone growth. U.S. jobs report awaited for Fed rate-cut clues. Corporate news includes Shell’s impairment charge and potential bank acquisitions. Oil prices rise on strong U.S. demand and geopolitical tensions.



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