Europe Stocks to Follow Asia Higher; China Drops: Markets Wrap
Written by Black Hot Fire Network on February 2, 2024
(Bloomberg) -- European stocks were set to track a rally in Asian shares after robust earnings from technology firms boosted Wall Street.
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Euro Stoxx 50 futures gained along with US equity contracts after both the S&P 500 Index and the tech-heavy Nasdaq 100 Index rose over 1% on Thursday. Equity benchmarks in Japan and Australia rose while Chinese equities retreated, with the CSI 300 Index sliding as much as 3.4% at one point.
“Oversold technicals sparking automatic buying and a positive after-hours surge in US . . .
