Tranzactioneaza ishares Stoxx Europe 600 Telecommunications Ucits ETF (de) (DE.EXV2) - 21.61 EUR (%) Tranzactioneaza

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European Stocks Rally as Early Pandemic Valuations Tempt Buyers

European equities (DE.EXS1) climbed as bargain hunters scooped up shares that haven’t been this cheap since the start of the pandemic. The Stoxx Europe 600 Index rose 1.4% by 12:01 p.m. in London, tracking a rise in US stock futures (DE.SXR8) as enticing valuations outweighed concerns about higher interest rates and soaring inflation. Travel and leisure (DE.EXV9), technology (DE.EXV3) and bank stocks (DE.EXV1) were among those leading the gains, while real estate (DE.EXI5) and telecommunication shares (DE.EXV2) underperformed. The region’s equities have slumped this year as traders fretted over the impact that inflation and tighter monetary policy will have on the economy as well as the implications of the war in Ukraine. The Stoxx 600 has dropped 13% from its January record high.

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