European stocks rose today as investors assessed performance and trading developments at Italy’s UniCredit bank, with global stocks recovering from last week’s wave of selling.
Europe’s Stoxx 600 index rose 0.5% to 620.12 points by 8:09 a.m. Japan time.
new goal
Global stock prices are recovering from a wave of volatility witnessed last week, sparked by concerns that new artificial intelligence models could destabilize traditional software companies, even as major companies in the sector set new spending targets to develop the technology.
The recent recovery has led to the Stoxx 600 index posting weekly gains. However, the uncertainty surrounding the technology sector is likely to remain a focus for investors. The technology sector rose 1% on the day.
European stocks also rose today, with global stocks recovering from last week’s declines, as investors assessed earnings and trading trends at Italy’s UniCredit Bank.
Europe’s Stoxx600 index rose 0.5% to 620.12 points by 8:09 a.m. Japan time.
new goal
Global stock prices are recovering from a wave of volatility experienced last week, sparked by concerns that the latest artificial intelligence models could destabilize traditional software companies, even as major companies in the sector set new spending targets to develop the technology.
The recent recovery has resulted in the ‘Stoxx 600’ index posting weekly gains. However, uncertainty surrounding the technology sector is pervasive and will likely continue to be a focus for investors. The technology sector rose 1% on the day.
