⚠ EUROPE'S STOXX 600 UP 0.9% ** BRITAIN'S FTSE 100 UP 1.3%; GERMANY'S DAX UP 0.7% ** FRANCE'S CAC 40 UP 1.2%; SPAIN'S IBEX UP 0.2% ** EURO STOXX INDEX UP 1%; EURO ZONE BLUE CHIPS UP 1.1%
⚠ EUROPE'S STOXX 600 .STOXX HOLDS GAINS AFTER US PCE DATA, LAST UP 0.67% ** JAPANESE YEN JPY=EBS STRENGTHENS AFTER US PCE DATA; DOLLAR/YEN LAST UP 0.3% ON DAY AT 154.435 VS 154.65 PREVIOUSLY ** DOLLAR INDEX =USD STEADY AFTER CORE PCE; LAST UP 0.1% AT 104.40 VS 104.41 EARLIER…
⚠ EUROPE'S STOXX LUXURY 10 .STXLUXP UP 2.2% FROM THURSDAY'S SEVEN-MONTH LOW, SET FOR BIGGEST DAILY GAIN SINCE JAN

European stock markets experienced significant fluctuations over the past two days, with the Eurostoxx 50 futures initially down 0.7% in early trading on July 25, 2024. The decline continued, with the STOXX Europe 600 index falling by 1.5% to a session low, marking its largest one-day drop since early July 2023. By mid-afternoon, the STOXX 600 had decreased by 1.57%. The decline was mirrored across major indices, with Britain's FTSE 100 down 0.5%, France's CAC 40 down 0.9%, and Germany's DAX down 1%. However, the markets showed signs of recovery on July 26, with the STOXX 600 up 0.67% after positive U.S. economic data, and the FTSE 100 gaining 1.3%. The DAX and CAC 40 also saw increases of 0.7% and 1.2%, respectively, indicating a rebound from the previous day's losses.