LAST UPDATE 13:05
The main European indices started the week with positive signs and gains exceeding 2.5%, as the possibility of diplomatic progress in Ukraine seems to strengthen the risk-taking mood.
In particular, the pan-European Stoxx strengthened by 1.23% moving to 436.8 points, with the automotive sector jumping 3.7% while raw material companies fell by about 1.7%.
On the other European charts, the German DAX shows the performance of the day with an increase of 2.66% to 13,990 units, the French CAC 40 strengthens by 1.65% and moves to 6,364 units, while the British FTSE 100 can not follow the general pace follows moving with a small increase of 0.3% to 7,178 points.
The climate is similar in the markets of the region, where in Italy the FTSE MIB is moving with gains of 2.05% to 23,505 points, while the IBEX 35 in Spain is up 1.4% and is at 8,255 points.
Investors’ attention remains on Ukraine, where after a weekend of intense fighting, with Russian forces bombing a number of cities, Moscow and Kyiv are returning to the negotiating table amid reports of progress in the talks.
For the rest of the market monitoring, the Fed is meeting on Wednesday and is expected to announce an increase in its interest rates, by 25 basis points, from zero where they were due to a pandemic.
On the board, the German energy company Uniper leads the rise with profits in excess of 8%, while on the opposite side of the Stoxx 600 is the Dutch investment company Prosus with a dip of 7%.
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.
