Stocks Rebound After Volatile Week‍

Despite a turbulent week marked by significant volatility, US stocks are showing signs of recovery. The S&P 500 has managed to reduce its weekly losses to just 0.5%, and European stocks have already turned positive, with investors taking advantage of bargain opportunities following the recent selloff. The focus now shifts to next week’s key economic data, including US consumer inflation and retail sales reports.

‍Hargreaves Lansdown’s £5.4bn Takeover‍

Hargreaves Lansdown, the UK’s largest DIY investment platform, has agreed to a £5.4 billion takeover deal by private equity suitors. The platform, which has been listed on the London Stock Exchange since 2007, was founded in 1981 and serves around 1.9 million customers. The deal is expected to close in the first quarter of 2025, pending shareholder approval.

‍Upcoming Earnings Reports‍

Major companies like Porsche, Aviva, and UBS are set to release their latest earnings reports next week. These reports are highly anticipated and could influence the STOXX 600 index. Strong performances might bolster investor confidence, while disappointing results could lead to a market sell-off. We’ll of course keep you updated on the development in next week’s daily news. Stay tuned.

Sources: CNBC, Financial Times, Euroinvestor