European shares open higher on energy boost, eye quarterly gains
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 20, 2024. REUTERS/Staff - European shares inched higher at open on Thursday heading into the long Easter weekend break, on a boost from energy stocks, while the benchmark index was on course to end a second consecutive quarter in the green.The benchmark index is eyeing a second straight quarter of gains, up 6.
Oil and gas shares were the biggest boost, up 0.4% as oil prices advanced following two consecutive sessions of declines. Market focus, however, squarely remains on the U.S. personal consumption expenditure data, due on Friday when markets are closed, to ascertain the Federal Reserve's timing of rate cuts, potentially setting the tone for other central banks.) Sports surged 8.3% to the top of STOXX 600 as the sportswear retailer said its pre-tax profit for the year ahead was in line with its guidance.Casino slumped 62.
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