The main European indices are moving slightly upwards at the end of the trading week, trying to take advantage of the positive momentum from yesterday’s jump on Wall Street while investors are waiting for the report on US jobs in May.
In particular, the pan-European Stoxx index traded with gains of 0.4% and is at 443.37 points, as well as the high capitalization of the Stoxx 50 which is at 3,807 points with 0.3%.
In the rest of the European charts, the German DAX strengthened by 0.4% and is moving at 14,541 points, as well as the French CAC 40 which is trading at 6,518 points with + 0.3%.
The picture is similar in the European region, where in Italy the FTSE MIB rose 0.25% to 24,483 points, while in Spain the IBEX 35 strengthened by 0.6% and stood at 0.55% at 8,792 points.
In London, the FTSE 100 remains closed due to the holiday for the platinum Jubilee of Queen Elizabeth.
In general, the investment mood appears stronger worldwide after the mini rally of the indices in the USA yesterday, after the confirmation of the Fed’s commitment to continue the tightening of the monetary policy through an increase of interest rates, expressed yesterday by the vice-president of the Federal Reserve Bank Lanael.
In the same vein, Asian stock markets were up in the morning amid mixed signs for investors, such as rising energy prices and easing of coronavirus restrictions in China.
In other developments monitored by investors, OPEC and its allies (OPEC +) decided yesterday to increase oil production at a faster pace than expected over the next two months, amid strong pressures on the energy markets. of Russia in Ukraine.
Crude prices, however, have not reacted strongly to the news, remaining in the range of $ 117 with a slight drop that does not exceed 0.5% today.
Otherwise, as mentioned above, the eyes will turn to the US at noon, where labor market data are announced in May, after the rather disappointing report of ADP yesterday on the positions in the private sector of the country, which showed a small increase of 128,000 of the 299,000 expected by economists.
It is recalled that the Fed is closely monitoring the course of the labor market in order to adjust monetary policy movements, so as not to put pressure on the economy to the point of causing a recession.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
