European shares rose on Monday, helped by banks and commodity-linked sectors, as investors waited for US inflation data and details of a meeting this week of the European Central Bank (ECB).
The pan-European STOXX 600 index closed up 0.92% at 444.12 points, erasing losses recorded last week on concerns about economic growth, amid rising prices and bets on tightening the economy. monetary policy by the main central banks.
Banks, which normally appreciate in high-interest environments, rose 1.7%.
Miners gained 2.5%, while luxury bonds also rose as sentiment in the sectors, which draws significant demand from China, improved after authorities eased further health restrictions in Beijing and Shanghai.
On Thursday, the European Central Bank is expected to confirm the end of bond buying this month, and investors will look for clues about the institution’s monetary policy.
Meanwhile, Friday’s US inflation data is expected to show monthly acceleration.
Tech stocks rose 1.9% and followed positive global risk sentiment.
- In London, the Financial Times index advanced 1.00%, to 7,608.22 points;
- In Frankfurt, the DAX index rose 1.34% to 14,653.81 points;
- In Paris, the CAC-40 index gained 0.98% to 6,548.78 points;
- In Milan, the Ftse/Mib index appreciated by 1.65%, at 24,565.67 points;
- In Madrid, the Ibex-35 index registered an increase of 1.28%, to 8,836.30 points;
- In Lisbon, the PSI20 index rose by 0.82%, to 6,273.37 points.
Source: CNN Brasil
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