• Global Stocks

Market news

8 September 2017

Global Stocks

European stocks rose Thursday as eurozone economic growth figures were raised and the European Central Bank offered few surprises in leaving monetary policy intact. The Stoxx Europe 600 index SXXP, +0.27% rose 0.3% to close at 374.95, little changed after the conclusion of ECB President Mario Draghi's news conference in Frankfurt. Only the financial sector finished in the red.

U.S. stock indexes ended slightly lower Thursday as investors sold financials, consumer-discretionary and telecommunication shares, with Disney and Goldman Sachs exacting a hefty toll on the Dow industrials. Investors were tracking Hurricane Irma and registering the latest policy stance from European Central Bank President Mario Draghi's. The ECB left key interest rates unchanged, while Draghi indicated that the decision on how to taper a quantitative-easing program will come in October.

Asian markets were up -- apparently not affected by a massive data breach at Equifax or the impending arrival of Hurricane Irma on the U.S. mainland. Even U.S. stock futures were merely a mixed bag in early Friday trading.

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