European Stocks Rally as Tech and Financials Lead Gains
TL;DR Summary
European stocks ended the week on a positive note, with the Stoxx Europe 600 index rising 0.3% as semiconductor stocks drove gains. TSMC's positive outlook fueled hopes for a global recovery in chip sales, pushing the Nasdaq 100 index to an all-time high. Traders are closely watching Federal Reserve speakers for cues on the timing and extent of rate cuts, with BlackRock International Ltd. expecting rate cuts to start in June. Meanwhile, investors are reverting to owning growth, technology, and AI-related stocks amid elevated Treasury yields. Oil was steady, and gold headed for a weekly loss on recalibrated Fed rate-cut bets.
Topics:top-news#european-stocks#federal-reserve#finance#interest-rate-cuts#semiconductor-stocks#volatility
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