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European markets are starting to rise slightly this week, with a view to the pandemic

European markets are starting to rise this week, with investors closely monitoring developments on the pandemic front, mainly due to concerns sparked by Austria’s national lockdown and restrictive measures adopted by German states as a result of the rapid rise. of new cases of coronavirus.

It was recalled that Austria announced on Friday that from today a total, national lockdown will be implemented to stop the pandemic that is re-emerging in the country, which is the first country in the European Union to take such strict measures once again after last year’s lockdown. Going a step further, the Austrian government has announced that vaccination of the population will also become mandatory from 1 February.

The example of Austria is followed by some German states, which, in the midst of the rapid increase in new cases, are also increasing their restrictive measures.

Developments that brought back to the fore the unpleasant memories of last year when the wave of pandemic that hit Europe led to lockdowns in many countries, raising fears that a new round of restrictive measures could undermine the recovery of economies.

On the board, the pan-European index Stoxx 600 records gains of 0.26% at 487.34 points, with the telecommunications sector leading the upward movement with gains of 1% and all other industry indices moving in positive territory. THE Euro Stoxx 50 strengthens by 0.15% and moves to 4,362.96 points.

In Frankfurt, the index DAX increased by 0.15% to 16,184.50 points, in Paris o CAC 40 writes gains of 0.30% at 7,133.83 points, while in London the FTSE 100 moves 0.34% higher, at 7,246.20 points.

In the Euroregion, the index IBEX 35 in Madrid gains 0.81%, while in Milan the FTSE MIB is marginally increased by 0.05%.

The buying mood in Europe is strengthened by the positive climate prevailing in the electronic transactions in the USA, at the beginning of the “stumped” week due to Thanksgiving (the markets will be closed on Thursday, while the transactions will be completed earlier on Friday), which however has a profit history, something that is expected to be repeated this year.

Investors, meanwhile, are awaiting the name of US President Joe Biden’s “choice” for the post of Federal Reserve chairman after the end of Jerome Powell’s term.

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