Market Analytics and Considerations
Key notes
On Thursday, financial and energy sectors helped lift European equities for a second consecutive session as investors applauded rising consumer sentiment in the United States following a lowering of inflationary pressures.
The STOXX 600 index for the entire region was up 0.3% at 08:09 GMT in light trade due to the vacation, following the lead of a positive session on Wall Street the previous day.
The major Wall Street indices had its largest daily increase of the month on Wednesday, boosted by data showing that U.S. consumer sentiment reached a 8 high in December as inflation declined and the job market remained robust.
Energy stocks led advances among the STOXX 600 sectors, rising 0.7% as they followed the rise in crude prices. [O/R].
Banks increased by 0.5%, continuing their winning streak.
LondonMetric Property dropped 2.4% after Citigroup (NYSE:C) downgraded its rating from “positive” to “neutral” for the UK-based real estate investment trust.
