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European equities hit new record for ECB stimulus and growth outlook
(Bloomberg) – European stocks hit a second record in as many days, boosted by expectations that the European Central Bank will not hold back stimulus measures despite growing evidence of a robust economic rebound. %, followed by higher US and Asian shares. Tech stocks were among the biggest gainers, fueled by a boost for software companies thanks to earnings report from US peer Salesforce.com. Banks and insurers also rose, with HSBC Holdings Plc and Allianz SE advancing 1.1%. Marimekko, Cattolica Gain; Corbion Falls: EMEA Equity Movers The Stoxx 600 closed the week up 1% and is expected to experience its fourth consecutive month of gains, as coronavirus vaccinations advance, while a coordinated fiscal and monetary stimulus boosts prospects for growth of the region. In the UK, the FTSE 250 rose 0.1%, with strategists at Goldman Sachs Group Inc. saying UK stocks overall offer good value to global investors. soft reduction signals from the Fed, âBarclays analysts led by Emmanuel Cau wrote in a note on Friday. âThe lack of catalysts has left investors on the water waiting for the next big move, but we think the big picture hasn’t changed much and remains positive for equities.â Among individual players, Banco Sabadell SA fell 6.5% after an analyst at Jefferies said its new strategic plan, which includes cost savings, “may require further evidence.” Clean energy stocks, including Vestas Wind Systems A / S and Siemens Gamesa, have risen as the U.S. Senate Finance Committee prepares to advance a $ 259.5 billion tax credit package for clean energy. In contrast, the big oil company Royal Dutch Shell Plc fell 0.4%, after Moody’s Investors Service warned that a Dutch court ruling shows the sector facing higher credit risk. 26, according to data from Bank of America Corp. and EPFR Global. Trading volumes surged on Thursday, topping the 12-month average of the Stoxx 600 by around 67%, as changes from the MSCI semi-annual review took place at the close. Click here for an actionable Bloomberg news channel curated by First Word and select sources. It can be customized to your preference by clicking Actions on the toolbar or pressing the HELP key for help. More stories like this are available at bloomberg.com Subscribe now to stay leading the way with the most trusted source of business news. © 2021 Bloomberg LP