‘Battle’ for the European markets to keep the positive sign

LAST UPDATE: 14.30

A mixed picture in the European stock markets on Monday, with the Region losing the profits of the morning transactions and the rest of Europe moving slightly upwards. Investors continue to weigh their estimates for the European Central Bank’s next move in the fight against inflation, and are considering a faster-than-expected tightening of monetary policy.

Last week, the ECB kept interest rates unchanged despite a rally to a new all-time high of 5.1% in January, with bank chief Christine Lagarde Notes, however, the concern of officials for the jump in prices.

Many analysts, however, have already revised their interest rate forecasts this year, setting the interest rate on zero at the end of the year at -0.50%.

Analysts at Goldman Sachs Group Inc., Commerzbank AG and Bank of America Corp. are among those who revised their forecasts and now see the deposit rate reach 0% in December, according to Bloomberg.

The week ended with the European markets in the “red” and negative protagonist DAX, which fell by 1.75%.

On the other side of the Atlantic, better-than-expected job data in the US in January boosted the investment climate. In particular, the US economy continued to create new jobs in early 2022, despite disruptions in economic activity due to the rapid spread of the Omicron mutation.

A further 467,000 jobs were added in January, according to the US Department of Labor. The unemployment rate, meanwhile, rose to 4% from 3.9% following the introduction of new criteria by the government in the population calculation rules.

In this climate, the pan-European index Stoxx 600 strengthened by 0.2% to 463 points, with the core resources sector leading the profit with an increase of 1.1%, while the shares of utility companies slipped by 1.3%.

In the individual dashboards, the German index DAX adds 0.4% to 15,160 points, the French CAC 40 marks an increase of 0.15% to 6,960 points and the British FTSE 100 gains 0.46% to 7,550 points.

In the periphery the Italian FTSE MIB falls by 1.15% to 26,300 points and the Spanish IBEX 35 loses 0.56% to 8,540 points.

In the individual sharesthe Swedish healthcare company AddLife gains 6.1% and is at the top of the Stoxx 600, after buying 181,000 own shares.

At the “bottom” of the European blue chip index, the British steel and mining company Evraz is “diving” 6.4%.

In corporate news, Peugeot’s new car sales volume increased by 5%. The French brand, which belongs to the Stellantis Group, announced that its global sales moved upwards in 2021 compared to 2020.

In addition, the Swedish price comparison company, PriceRunner, stressed that has sued Google for about 2.1 billion euros in a Stockholm court, stressing that the company violated antitrust laws by manipulating the results of inquiries in favor of its own price comparison services.

In macro of the day, German industrial production fell 0.3% in Decemberaccording to official figures, as supply chain problems hit Europe’s largest economy late last year.

In the UK, house prices rose at the slowest monthly rate since June last yearas the explosion after the lockdown in the labor market began to weaken and the increase in the cost of living is expected to put a further “brake”, stressed the mortgage company Halifax.

Mixed signs prevail in the stock exchanges of the Asia-Pacific region on Monday, with markets in mainland China returning to “action” after the multi-day lunar New Year holiday and the Shanghai Composite rising sharply 2.03%, while Shenzen gained 0.96%.