Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Miners lift European shares, but fall in Telecom Italia caps gains

Photo Credit: Thomson Photo Credit: Thomson
Photo Credit: Thomson Photo Credit: Thomson

Listen to the article now

On Monday, European markets rose on expectations of a Chinese demand recovery. Industrials and Telecom Italy lost ground while mining gained.

Ahead of this week’s economic report, the pan-European STOXX 600 index (.STOXX) gained 0.1%.

Key Resource Index (.SXPP) rose $2.4 billion as base metal prices rose in anticipation of Chinese bulk customer demand and global mining supply disruptions.

Global markets were static for much of the week, with better-than-expected US inflation statistics supporting the Federal Reserve’s conclusion that aggressive rate hikes have failed to lower prices.

Daniela Hathorn, senior market analyst at Capital.com, said, “It seems like a brief halt to examine the situation, and there is no clear trajectory.”

The most recent statistics indicating that the U.S. economy may not be weakening as much as we believed, is still puzzling.

Thus, people are still attempting to determine what this implies.”

On Monday, which was the Presidents Holiday in the United States, price-sensitive technology stocks (.SX8P) declined 0.3% and 0.6%, respectively. Thus,  restricting advances for the STOXX 600.

Telecom Italia dropped 2.7% over the weekend . Following a government-backed offer on competitor KKR for the former phone monopoly’s lucrative network failed.

Also, the EURO STOXX Index (.STOXXE), which measures the performance of the top firms in the eurozone declined 0.1%.

On the economic front, consumer confidence in the eurozone increased by 1.7 points in February. Compared to January, as expected.

The Bundesbank said that Germany’s economic outlook is improving after an unexpectedly robust fourth quarter. Also, headline inflation has reached its high. Although, it will take longer for inflationary pressures to abate.

The value of Austrian Raiffeisen Bank International (RBIV.VI) has decreased by over 7 points.


Comment Template

You May Also Like

Business

Hims & Hers Health reported strong Q4 2024 revenue growth, surpassing expectations, but its stock fell 18% due to margin concerns and regulatory scrutiny...

Business

The Saver’s Credit helps low- and moderate-income earners reduce their tax bill while saving for retirement. Many eligible taxpayers miss out due to low...

Business

President Trump confirmed tariffs on Canada and Mexico will proceed as planned, emphasizing the need to protect U.S. industries. Despite concerns over trade relations...

Business

Nvidia's Q4 2025 earnings report, set for February 26, will highlight its AI market position amid competition from DeepSeek. Despite stock fluctuations and Blackwell...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok