Skip to main content
  • Register
  • Help
  • Contact us

European open: Recovery hopes, Nikkei surge boost stocks

Mon 15 February 2021 08:12 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

6947.99 | Negative 175.69 (2.47%)
Graph

Prices delayed by at least 15 minutes

(Sharecast News) - European shares started the week in bullish mood as economic recovery hopes and a surge in Japan's Nikkei index fuelled investor sentiment.

The pan-European Stoxx 600 rose 0.64% with all major regional bourses higher. Higher oil and copper prices were also a key driver. Trading volumes were expected to be thin with markets in China, Hong Kong and the US shut for local holidays.

"Tailwinds are in abundance, with a significant stimulus package looking increasingly likely, a strong earnings reporting season and an accelerated vaccine rollout programme each stoking generally positive sentiment. In the year to date, the Dow Jones is now ahead by 2.8%, the S&P500 4.8% and the Nasdaq 9.4%, said interactive investor analyst Richard Hunter.

"US markets will be closed for Presidents Day (as are the Chinese and Hong Kong markets for the Lunar New Year holiday), leaving other geographies and asset classes to take up the reins."

"Hopes of increased demand in the coming months along with controlled supply has been positive for an oil price which has risen by 22% in the year to date, and which has seen a further small spike following some concerns around fresh tensions in the Middle East."

Japanese shares shone, with the benchmark Nikkei index breaching 30,000 for the first time in three decades.

In equity news, Bollore surged 12% to the top of the STOXX 600 as French media giant Vivendi said it planned to distribute 60% of Universal Music's capital to investors and aimed to list its most-prized asset by the end of the year. Vivendi stock soared by 17%.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.