More U.S. shoppers rushed to their mobile devices, rather than physical stores, on Black Friday than ever before, spending a record $1.2 billion from their phones and tablets and $3.34 billion overall. Maybe that’s no surprise as the mobile-crazy generation takes over the buyer’s market.
Category: Stock Analysis
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After over 19 months of underperformance and losses, European stocks are closing the year with a sharp upside move.
The EURO STOXX® 50 Index, the benchmark for Eurozone equities, has gained 6.8% this month through Dec. 16, beating other major regions. The move equates to a monthly advance of 11.4%, a performance not seen in any calendar month since the global financial crisis ended. The STOXX® Europe 600 Index, the pan-European benchmark, has gained 5.3% in December.
Equity markets were stable over the month of October in euro terms as investors awaited the election of a new government and higher interest rates in the US. The STOXX® Global 1800 Index rose 0.6% for the month, while it posted a loss in dollar terms.