[ad_1]
European stocks opened higher for the fourth straight session on Friday as risk appetite increased in global markets ahead of a September rate cut by the Federal Reserve.
The pan-European Stoxx 600 index rose 0.3% to its highest level in two weeks. The benchmark index was expected to post its best weekly performance since May 6.
Almost all European stock exchanges were in the green.
But the FTSE 100 fell 0.2% after UK retail sales rose 0.5% in July, in line with expectations.
Stock Performance
Bayer AG won a legal battle to mitigate allegations that its weed killer Roundup causes cancer, sending its shares up 7%.
Stellantis shares rose 2.6% despite a lawsuit filed by U.S. shareholders against the European and American automaker, accusing it of defrauding them by hiding high inventory and other weaknesses.
UBS shares rose 1.1% after the Swiss bank said it would liquidate a $2 billion real estate fund it acquired as part of its takeover of Credit Suisse.[Reuters]
[ad_2]
Source link
