INSUBCONTINENT EXCLUSIVE:
On Thursday, the STOXX 600, a key European index, reached a new peak, securing gains for another quarter.JD Sports, a major retailer, saw
its biggest surge in over four years, thanks to confirming its profit outlook.The index climbed 0.18% to 512.67 points, closing the week
strong despite minor fluctuations
This marked its second quarter of growth, with a notable 7% rise.Enthusiasm about potential rate cuts and a tech stock rally, especially in
(Photo Internet reproduction)Nadege Duffose from Canada noted exceptional performance in cyclical sectors like industry and banking
This reflects reduced recession fears and anticipation of central bank strategy shifts.The industrial sector and Eurozone banks jumped 11%
and 17.7%, respectively, in the first quarter.Now, the market awaits the US PCE price index data, which could influence future Federal
Reserve rate decisions and affect global central bank policies.JD Sports led the STOXX 600 with a 15.6% rise after aligning its future
profit expectations with current forecasts
influenced by broader economic indicators and specific company performances.
