untitled design

Euro markets: At a profit rate with a new technological boost of around 2.5%


The main European stock markets are entering the week with gains, continuing the 5-day strong gains (+ 3%) that ended on Friday, after fears of aggressive monetary policy by central banks worldwide, partially pushing the dollar down below 101 , 5, points, while earlier it was found at a five-week low.

Investment sentiment seems to have strengthened in recent days, while a positive sign is the fact that despite the rapid rise in prices in both the US and Europe, retailers continue to announce impressive quarterly figures that exceed market estimates.

As for the embargo on Russian oil, European Union leaders are expected to agree at the summit later today that the package of sanctions being prepared should include a ban on Russian oil imports, as a punishment for the Russian invasion of Ukraine, but to excludes deliveries of crude oil via pipelines.

However, according to a Reuters report, as they are unable to agree on all the details of the embargo, the “27” will leave the final agreement on the sanctions package for later.

In this climate, the pan-European index Stoxx 600 strengthened by 0.5% to 446 points, with the technology sector adding 2.6%, extending last week ‘s gains to 3.2%. Losses (-0.6%) for the telecommunications sector.

In the individual dashboard, the German DAX adds 0.7% just over 14,550 points, the French CAC 40 climbs 0.65% around 6,550 points and the British FTSE 100 notes marginal fluctuations exceeding 7,600 units.

On the periphery, the Italian FTSE MIB records an increase of 0.4% to 24,740 points while the Spanish IBEX 35 loses 0.17% at 8,960 points.

In the individual shares Danish hearing aid manufacturer GN Store Nord earns more than 8% and is at the top of the European blue chip index. Siemens adds 3% after signing a $ 8.7 billion deal to build high-speed rail lines in Egypt from the German group’s mobility unit.

Stock markets in the Asia-Pacific region are moving up on Monday, with investors awaiting the announcement of significant financial data this week, such as the manufacturing PMI for May. Profits are led by Nikkei 225 with a “jump” of 2.1%, while Topix gains 1.8%.

Markets in the US are closed on Monday due to the Memorial Day holiday.

Source: Capital

You may also like

EUR/USD weakens ahead of Fed Minutes

EUR/USD weakens ahead of Fed Minutes

Markets are awaiting the latest Fed Minutes. The EU and US PMI indices will be published on Thursday. Friday concludes

Get the latest

Stay Informed: Get the Latest Updates and Insights


Most popular