Fri 08-07-2022 22:49 PM
Europe, July 8, 2022 (WAM)-Friday after U.S. stocks hit session lows, following U.S. bumper employment data that strengthened another case of a significant rate hike by the Federal Reserve Board It has recovered, Reuters reported.
The continent-wide STOXX600 index rose 0.5% and the week rose 2.5%. The automaker was the largest sector winner, providing the largest boost to Germany’s DAX, rising 1.3%, leading profits among its peers in the region.
DAX marked its third session high as it recovered from its lowest since the November 2020 hit earlier this week. The STOXX 600 fell to 0.6% the day after June’s data on US non-farm payrolls far exceeded expectations, allowing traders to consolidate their bets on the Fed’s 75 basis point increase this month. I was prompted.
WAM / Hatem Mohamed / Tariq alfaham