Major European stock markets rallied on Monday, trying to erase Friday’s losses as investors eyed corporate results and weighed risks of an impending recession.
Major European indexes ended last week in negative territory, as data showing the US labor market was outperforming sent a wave of pressure into Europe as well, dashing hopes of the Fed moving away from tight monetary policy.
At the beginning of this week the pan-European Stoxx 600 up 0.75% to 438 points, with the tech sector adding 1.3% and leading gains.
In the individual boards, the German DAX adds 0.9% to 13,700 units, the French CAC 40 the British also gains 0.75% just above 6,500 points FTSE 100 climbs close to 7,500 points with a rise of 0.6%.
In the periphery, the Italian FTSE MIB and the Spanish notes a gain of 0.7% at 22,750 units IBEX 35 strengthened by 0.85% to 8,230 units.
As for the sharesBritish financial services firm Hargreaves Lansdown topped the Stoxx 600 with a 3.7% jump after Deutsche Bank raised its target price for the stock.
Markets in the Asia-Pacific region show mixed signs on Monday, with tech giants in Hong Kong plunging, dragging the general index lower. In particular, Alibaba loses about 4% and JD.com slips 3%, squeezing the Hang Seng by about -0.75%.
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.
