WFCpQ

Wells Fargo & Company Depositary Shares Representing 1/1000th Interest Perpetual Preferred

23.9400
USD
0.80%
23.9400
USD
0.80%
22.8000 27.6200
52 weeks
52 weeks

Mkt Cap 1.43B

Shares Out 60.00M

Chat
Send me real-time posts from this site at my email

European shares climb after selloff with eyes on cenbank updates

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window May 25 (Reuters) - European shares rose on Wednesday, with positive data from German lifting sentiment, while investors watched for updates from central banks on monetary policy tightening amid rising fears of an economic slowdown. The pan-European STOXX 600 index .STOXX rose 0.8% by 0714 GMT, buoyed by gains across all sectors. The index had tumbled 1.1% in the previous session, giving up almost all of Monday's gains. Stocks globally recovered after a sell-off, with a gauge of Asian shares .MIAPJ0000PUS rising 0.4% and U.S. stock futures firming. Utilities .SX6P led gains in Europe. Power company SSE Plc SSE.L jumped 4.4% after reporting a 23% surge in annual profit. Following PMI data on Tuesday that showed resilience in euro zone business growth amid a slowdown, a survey on Wednesday showed German consumer morale is projected to inch up in June after falling to a record low in May. It, however, warned of inflation crimping household spending. Separate data from Germany showed Europe's largest economy grew in the first quarter, in line with expectations. After a hawkish tone from European Central Bank chief Christine Lagarde earlier this week, investors on Wednesday will be watching for minutes of the U.S. Federal Reserve's previous meeting to asses the thinking among policymakers. Banks .SX7P, which benefit when interest rates rise, hit a fresh one-month high and were the biggest boost to the STOXX 600. (Reporting by Susan Mathew in Bengaluru; Editing by Sriraj Kalluvila) ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue