Saturday, January 28, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Europe & Middle East

European stocks jump in first half of 2021 with ‘old economy’ in vogue

MtR by MtR
June 28, 2021
in Europe & Middle East
0


Line chart of Rebased indices showing European stocks keep pace with Wall Street rivals in 2021

European stocks are neck and neck with their US rivals in the first six months of 2021 after trailing Wall Street for most of the coronavirus crisis, reflecting the widening rally across the global equities market.

Related articles

Heptanoic Acid Market Size to Grow by USD 604.03 million with 41% contribution from Europe, 17,000+ Technavio Reports

August 10, 2022

Caffeine Substitute Market to Observe Highest Growth of USD

August 10, 2022

MSCI’s broad barometer of European shares has raced ahead by almost 15 per cent in euro terms since the end of last year, outpacing the 13 per cent gains for American equities, tracked in US dollars. A rise in the greenback this year has eaten into the price returns for foreign investors in European stocks, however, leaving the MSCI Europe gauge up a slimmer 12 per cent on a dollar basis.

Investors in European shares have benefited as sectors considered to be sensitive to economic fluctuations such as banks and energy companies have gained favour as countries have lifted curbs on social activity. Since April, when economies on both sides of the Atlantic emerged from long periods of lockdown, enthusiasm for US tech stocks that had surged at the height of the pandemic has waned.

Gains in Europe this year have been broad, with the consumer discretionary, technology, energy, industrial, financial and basic material sectors all up more than 15 per cent, according to Bloomberg data. Only utilities, which are typically coveted for their consistent dividend payments, have declined as concerns over inflation have dented the appeal of those income streams.

Bar chart of Year to date % change showing European equities post broad gains

Tom O’Hara, a portfolio manager at Janus Henderson, noted that many of the best performing sectors were so-called “old economy” industries that had been hit hard by the pandemic. Banks like Banco de Sabadell, Banco BPM and Société Générale, carmaker Porsche and glassmaker Saint-Gobain are all up more than 40 per cent in 2021.

Despite the recent rally for European bourses, Wall Street equities have posted a much more vigorous rally since the pandemic nadir last year. MSCI’s US index has jumped 95 per cent from its closing low on March 23 2020, while the European equivalent is up 62 per cent from its trough reached that same month.



Source link

Related Posts

Heptanoic Acid Market Size to Grow by USD 604.03 million with 41% contribution from Europe, 17,000+ Technavio Reports

by MtR
August 10, 2022
0

Key Market Dynamics The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers,...

Caffeine Substitute Market to Observe Highest Growth of USD

by MtR
August 10, 2022
0

BIRMINGHAM, Aug. 10, 2022 (GLOBE NEWSWIRE) -- A Qualitative Research Study accomplished by Data Bridge Market research's catalogue of 350...

Offshore Wind Power Market: 53% of Growth to Originate from Europe, Monopile Segment to be Significant for Revenue Generation

by MtR
August 10, 2022
0

Offshore Wind Power Market: Segmentation Analysis The market research report segments the offshore wind power market by Type (monopile, jacket, and others)...

High Visibility Clothing Market Size [2022-2028] To Reach

High Visibility Clothing Market Size [2022-2028] To Reach

by MtR
August 9, 2022
0

WASHINGTON, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global High Visibility Clothing Market finds...

IT spends in good shape; see continued strength in US, European markets: Infosys CEO Salil Parekh

by MtR
August 9, 2022
0

Infosys CEO Salil Parekh. (File photo)Bengaluru: India's second-largest IT services company Infosys is "comfortable" with the higher revenue growth guidance...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter