Telecom Italia surges on deal news, as European stocks inch up after weekend of protests over COVID restrictions

European stocks traded modestly higher on Monday, after a weekend of protests that turned violent at times over increasing COVID-19 restrictions across the continent. The telecom sector was in the lead, driven by Telecom Italia after a buyout offer from KKR & Co. The Stoxx Europe 600 index XX:SXXP rose 0.2% to 487.28, following a […]

Read More

More than two-thirds of European actively managed funds underperformed benchmark, report says

More than two-thirds of actively managed European stock market funds underperformed their benchmarks in the first half of the year, according to data released Tuesday. The S&P Indices Versus Active Funds, or SPIVA, scorecard found 71% of euro-denominated European equity funds underperformed their benchmark, up considerably from the 42% that underperformed in the first half […]

Read More

Dow, S&P 500, Nasdaq close lower in weekly slump on ‘quad witching’ and weak consumer sentiment

U.S. stock indexes closed lower Friday, slumping for the week, as bearish momentum gathered steam after a reading on consumer sentiment held close to a roughly 10-year low. Investors also were dealing with volatility Friday from simultaneous options expiries, known colloquially on Wall Street as quadruple witching. How did stocks trade? The Dow Jones Industrial Average […]

Read More