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Top Gap Ups and Downs on Friday: WFC, DKS, BK and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
European stock markets rose as US inflation slowed, boosting market sentiment.
European stock markets rose on Friday, achieving their best weekly performance in two months due to slowing US inflation and rising expectations of a September rate cut by the Federal Reserve, which boosted investor sentiment. The Stoxx Europe 600 index rose 0.9% to a high not seen since early June, mirroring gains in the US and boosting risk assets on expectations of a possible rate cut there. Almost all sectors rose, led by consumer stocks, technology firms and retailers. Novo Nordisk, ASML Holding, Siemens and LVMH had the biggest positive impact on the index. Luxury goods companies, which had seen their expected profit declines outpace the broader European market, rebounded on Friday. Uncertainty around the French and British elections.
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