European stocks are seen opening on a firm note Friday as investors react to dovish remarks from Federal Reserve Governor Christopher

European stocks extended gains on Friday, after having hit their highest level in a month the previous day on the back of strong

(RTTNews) - European stocks are seen opening on a firm note Friday as investors react to dovish remarks from Federal Reserve Governor Christopher Waller ... Cartier owner Richemont and renewed ...

MSCI's gauge of stocks across the globe rose 2.38 points, or 0.28%, to 849.68. Earlier, Europe's STOXX 600 index closed up 0.98%, with luxury stocks boosted after Cartier jewelry owner Richemont's results exceeded analysts' expectations.

On Wall Street, major indices declined after their biggest daily percentage gains since the November 6 rally post the US presidential election. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13; the S&P 500 dropped 12.57 points, or 0.21%, to 5,937.34; and the Nasdaq Composite lost 172.94 points, or 0.89%, to 19,338.29.

The pound tumbled against the dollar, slipping 0.3% to $1.2196, on Friday morning after weaker-than-expected UK retail sales bolstered the case for interest rate cuts by the Bank of England to help boost failing economic growth.

Luxury stocks in Europe surged on Richemont's record sales, while Nvidia and the Magnificent 7 faltered on chip curb concerns. With banks outperforming and yields stabilizing, the stage is set for continued rotation toward lower-valuation sectors.

The British 10-year gilt yield retreated for the second day, letting the British government breath a sigh of relief – especially after yesterday’s GDP data showed that the UK economy hasn’t expanded – at all – under the new Labour government.

Show Full Article U.S. Treasury yields slipped in a choppy market, with investors reacting to Federal Governor Christopher Waller saying three or four ... stocks boosted after Cartier jewellery owner Richemont’s results exceeded analyst expectations.

After the extraordinary success of Oppenheimer, Christopher Nolan’s next movie is officially in the works – and it’s going to reunite him with Matt Damon and star Spider-Man himself ...

Former foreign minister Alexander Downer discusses the “real uncertainty” around Syria’s rule and which regime will come to power.