European Shares
Stock markets climbed higher everywhere in Europe on Thursday, led by Tech and Energy shares, as market sentiment improved overnight. Samsung Electronics managed to reassure investors, reporting better-than-expected revenue and easing worries of slower demand for chips. However, the overall scenario remains blurry for most asset classes.
Investors still have to deal with a bunch of bearish market drivers such as tighter monetary policies, inverting yield curves in the US (which highlights growing expectations of an economic slowdown) and the worsening Covid-19 situation in China, after Shanghai reported the highest number of new cases since May.
