European stocks rebound as ECB and BOE hold interest rates
Updated
Updated · CNBC · Apr 30
European stocks rebound as ECB and BOE hold interest rates
4 articles · Updated · CNBC · Apr 30
The Stoxx 600 closed up 1.4% after Brent crude swung from above $126 to $114.18 a barrel and WTI fell to $104.61.
Investors weighed reports the US military would brief President Donald Trump on possible action against Iran, while euro zone first-quarter GDP rose 0.1% and April inflation accelerated to 3%.
Corporate earnings drove sharp stock moves, with Stellantis down 6.4%, Magnum Ice Cream up 11.5%, and Volkswagen rising despite a 14% drop in quarterly profit.
Why did European stocks surge despite escalating war fears and a grim economic outlook?
How did one ice cream brand use weather data to defy economic gloom and achieve massive sales growth?
With one vital strait closed, how close is global trade to a multi-billion dollar collapse?