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Updated · MarketWatch · May 11Stoxx Europe 600 Rises 0.11% to 612.79 as Delivery Hero Jumps 18.1%
1 articles · Updated · MarketWatch · May 11Summary
- 612.79 marked the Stoxx Europe 600’s first gain in two sessions, with the pan-European benchmark closing up 0.11% on Monday.
- Delivery Hero led the index higher with an 18.1% surge, while Teleperformance rose 7.8% and Redcare Pharmacy gained 6.9%.
- National indexes were mixed: London’s FTSE 100 added 0.36%, Germany’s DAX edged up 0.05%, and France’s CAC 40 fell 0.69%.
- On the downside, Moncler dropped 5.0%, GEA Group lost 4.9%, and JD Sports Fashion slid 4.6%.
- Brent crude climbed 2.57% to $103.89, the pound gained 0.10% against the dollar, and 10-year gilt and bund yields moved higher.
Insights
With oil forecasts diverging wildly, what determines if Europe faces a short-term shock or a decade of high prices? As Europe's economy slows, can its central bank fight record inflation without triggering a devastating recession? Amidst an energy crisis, will the US-EU clash over tech regulation ignite a new, damaging trade war?