European Stocks Gain for Fourth Day as US Jobs Ease Growth Woes
European equities rose as better-than-expected US jobs data eased worries about economic growth, pushing the benchmark gauge to a more-than-two-week high.
The Stoxx Europe 600 Index ended the session 0.3% higher, its fourth consecutive session of gains. The index is at the highest since May 21.
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Women are getting wealthier — and they don't invest the same way as men
Women's share of retail financial assets in the US and EU is set to reach between 40% to 45% by 2030. Factors like declining marriage rates and higher earnings have played a role in the trend. Commentators say women invest more cautiously than men, focusing on goals and values. Women are becoming richer, and they're changing the face of wealth. According to a report by McKinsey published last month, women control about a third of all retail financial assets in the US and the European Union. By 2030, that proportion is expected to rise to between 40% to 45%, wrote Cristina Catania, global co-convener and European lead for the risk and resilience practice, and Jill Zucker, senior partner and co-leader of McKinsey's global growth transformation service line. The report is based on a survey of about 13,000 American and European investors, nearly half of whom were female financial decision makers. It found that between 2018 and 2023, global wealth rose by 43%, but jumped by 51% for women. Women's expanding control of assets is being driven by a combination of factors, including a continuing decline in marriage rates, the ongoing boost in women's average earnings, demographic trends like longer life expectancies, and a broad shift in attitudes about women managing their own finances. As women become wealthier through investing, it's becoming clearer that they don't approach it the same way as men. "Women are much more risk-aware," Anna-Sophie Hartvigsen, cofounder of financial education and investment platform Female Invest, told Business Insider. "I would like to call it much more realistic in their own ability to invest." She said women are less likely than men to invest emotionally. "On average, men trade a lot more often than women because they believe they can beat the market or they read something in the news, and they get pumped up or afraid, and then they invest based on that," Hartvigsen said. Female investors, in her view, tend to be more calm, more realistic, and better at assessing risk. However, Katie Geery, an advisor at Rise Private Wealth Management, says being more cautious can also hold women back by leading them to miss out on opportunities to build wealth. "It is important to work with a trusted financial advisor who understands your risk tolerance and can walk you through making well-educated investment decisions based on your long-term goals," she told BI. The aims of investing also sometimes differ between men and women. "Women prefer to invest toward achieving specific goals rather than chasing the highest returns," said Avanti Shetye, financial planner at Wealthwyzr. Geery said female investors tend to be more focused on philanthropy and gifting. They often consider their values when buying stock and want their purchases to help make a better impact on the world. "Women often seek financial advisors who are empathetic and take the time to get to know them on a more personal level to gain a deeper understanding of their goals and values," she said. On Female Invest, Hartvigsen said the principles its members care about the most include climate, especially a firm's carbon footprint, and diversity in leadership, in terms of a board having a good gender balance. For Shetye, it's important to start investing early. "Women tend to be primary caregivers for children or aging parents and often take unpaid time off," she said. "Not only that, women statistically live longer than men, which implies that women would need to invest as much as they can as early as possible so that their portfolios last them through retirement." Hartvigsen said long-term financial planning is vital: "When you do that, it doesn't matter what happens today." Both agree that this plan should be grounded in expert advice. "Working with a financial planner whose planning process is rooted in financial education can help provide comfort and security to stay consistent even in the roughest of markets," Shetye said. But she also believes that practice is more important than perfection. "You are never going to know everything there is to know about investing," Shetye said. "The key is consistency, and time will do the heavy lifting." Hartvigsen advises her clients to invest monthly on the same day and to diversify their investments. "If you do that, historically, it has been near impossible not to make money in the long run." Read the original article on Business Insider 登入存取你的投資組合
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AP Top Extended Financial Headlines at 9:47 p.m. EDT
The price of oil has jumped more than 2% and U.S. stock futures and Asian shares are down as global markets react to the U.S. strike against nuclear targets in Iran
Yahoo
43 minutes ago
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices jumped and stock futures slipped Sunday evening, indicating concern among investors about the possibility of economic fallout from the ongoing unrest in the Middle East following U.S. strikes against Iran's nuclear facilities. The major focus is on oil. Iran remains a major international oil supplier, and it also sits on the Strait of Hormuz, a heavily trafficked waterway in the Persian Gulf that is a key transit channel for about one-fifth of the world's oil supply. Concerns centered on whether Iran would begin limiting or shutting down access to the strait. U.S. Secretary of State Marco Rubio said in a statement that closing the strait would be tantamount to 'economic suicide' for Iran and called on China, Iran's top trading partner, to head off any attempt by Iran to affect traffic. U.S. and global oil benchmark prices opened up 4% Sunday evening, underscoring the concerns about what the conflict means for the world's oil supplies. Those gains had eased slightly by 9 p.m. Sunday. Oil prices already gained about 3% last week in the wake of Israel's initial strikes against Iranian targets and Iran's retaliatory missile attacks. Stocks also slid Sunday. S&P 500 futures contracts opened about 0.6% in the first hour of trading, while Dow Jones Industrial Average futures fell about 250 points, or 0.6%. Nasdaq 100 futures dropped 0.7%. Like oil, they had pared those opening losses somewhat by 9 p.m. U.S. markets officially open at 9:30 a.m. ET Monday. 'Should oil exports through the Strait of Hormuz be affected, we could easily see $100 oil' or an increase in U.S. gas prices by 75 cents per gallon, Andy Lipow, president of the consulting firm Lipow Oil Associates, said in a note to clients Sunday. In a worst-case scenario in which oil prices rose to at least $120 a barrel, U.S. gas prices would increase as much as $1.25 per gallon, Lipow said. In a follow-up email, Lipow said that even if the strait does not officially close, any action by a tanker company to pre-emptively reduce its footprint there represents 'a de facto supply disruption.' Iran's state-owned media reported that Iran's parliament backed closing the strait — but that the final decision lies with Iran's national security council, according to the report. Any move by Iran to alter traffic in the strait could also hurt its own economy — particularly commerce with China. On Sunday, a department of the U.K. Royal Navy said it observed 'electronic interference in the Strait of Hormuz.' At least two massive supertankers that had entered the strait were reported to have made U-turns. Marine tracking websites also showed the vessels turning about halfway through the strait. 'I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,' Rubio said in an interview on Fox News. China is Iran's most important oil customer, and they maintain friendly relations. Iran may still be assessing the ultimate damage to its nuclear facilities as it contemplates its next move. The International Atomic Energy Agency said Sunday that while it had confirmed that the Fordo, Natanz and Isfahan sites had been hit, it was not immediately possible to assess the damage at the Fordo site. Until last week, U.S. stocks had been enjoying a substantial, if volatile, recovery from the lows following President Donald Trump's reciprocal tariffs announcement in April. That momentum reversed after Israel announced last weekend it had struck key Iranian military and nuclear targets, prompting retaliatory missile strikes on Israeli targets by Iran. JPMorgan analysts said Sunday that investors had voiced concerns to them last week that the Iran-Israel conflict would spread, 'and those concerns have been materialized.' 'Trump's statement that this might be the only US attack or might begin a series of attacks brought us little certainty,' the analysts added in a note to clients. 'Moreover, we do not see an obvious route to a political settlement to the military conflict, which makes us think the conflict, like the one in Gaza, could last longer than many investors think.' Year to date, the S&P 500 is up less than 2%. This article was originally published on
