The indices of the main European stock exchanges are moving positively on Monday, with the investors closely following the developments around the Omicron mutation of the coronavirus, but also the volatility in the field of the basic cryptocurrency, Bitcoin.
On the board, the pan-European Stoxx 600 strengthened by 0.51%, with the energy sector (oil and gas) leading the profits by 1.4%, while the other European index, with the “heavyweights” of the eurozone, Eurostoxx 50, gains 0.50%.
The German DAX records gains of 0.69%, with the French CAC 40 to gain 0.39%, while the British FTSE 100 marks an increase of 0.71%.
On the periphery, the Italian FTSE MIB records an increase of 0.67%, while the Spanish IBEX 35 gains 0.79%.
German orders in the manufacturing sector decreased in October, in the face of rising expectations amid continuing supply chain problems that limit factory activity.
Manufacturing orders fell 6.9% month-on-month in October on adjusted terms, following a revised 1.8% increase in September, according to Destatis.
Economists expected orders to increase by 0.5%.
Orders for intermediate goods decreased by 2.7% on a monthly basis and orders for capital goods decreased by 10.7%.
Regarding consumer goods, orders increased by 4.3%.
Domestic orders increased by 3.4% while international orders decreased by 13.1%. New orders from the eurozone fell 3.2% and new orders from other countries fell 18.1%.
Manufacturing orders fell 1% year-on-year to 1.7% higher than pre-pandemic levels in February 2020.
The climate in Europe is in line with the course of futures on Wall Street, which are recording gains despite concerns about the Omicron mutation and the looming tightening of monetary policy by the Federal Reserve in the coming period. At least 15 US states have discovered Omicron cases.
The sell-off in technology stocks also affected Bitcoin over the weekend, which, from $ 57,000 on Friday morning, collapsed to $ 43,000 on Saturday and has since recovered partially, but remains below the $ 50,000 psychological threshold. ., close to $ 49,000.
.
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.
