Finance
European shares start off data-heavy week on solid footing
Published by Global Banking & Finance Review®
Posted on January 6, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 6, 2025
2 min readLast updated: January 27, 2026
European shares rose, driven by tech and bank stocks, as a week full of economic data begins, including European inflation and US jobs reports.
(Reuters) - European shares opened higher on Monday, boosted by advancing technology and bank stocks in a week packed with economic data around the world including inflation readings in Europe and jobs data in the United States.
Europe's premier index, the STOXX 600 added 0.3% as of 0810 GMT, taking cues from an upbeat close on Wall Street on Friday. [.N]
Technology led gains amongst the major STOXX sub-sectors, adding almost 2%, while banks rose 0.7%.
The data calendar for the week was heavy with inflation readings across Europe slated to be released throughout the week, starting off with a December German inflation reading due later in the day.
Final figures of December services activity across major European economies and a broader euro zone one will also be released throughout the day.
This week's centrepiece would be the December U.S. nonfarm payrolls report due on Friday, a crucial metric in gauging the Federal Reserve's interest rate path for 2025.
Among individual movers, UK's Spectris gained 3.3% after HSBC upgraded its rating on the scientific instruments maker to "buy" from "hold".
Trading volumes are likely to improve this week as most market participants would return after two weeks of holiday-affected trading.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Mrigank Dhaniwala)
The article discusses the rise of European shares driven by technology and bank stocks amid a week full of significant economic data releases.
Key data includes European inflation readings and the US nonfarm payrolls report, which will influence market trends.
UK's Spectris saw a 3.3% rise after an upgrade by HSBC, highlighting individual stock movements.
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