European shares rise in session but end week with losses

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European shares closed higher on Friday (20), but marked weekly losses with a cautious view of investors on the corporate earnings season and the upcoming decisions of central banks, although the reopening of the blockades against Covid-19 in China offered some relief.

The pan-European STOXX 600 index closed up 0.37% at 452.12 points, boosted by travel and leisure and retail stocks.

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However, the STOXX 600 was down 0.1% weekly despite hitting a nine-month high this week, weighed down by disappointing earnings, weak US economic data and aggressive comments from central bankers.

European Central Bank (ECB) President Christine Lagarde and her colleague Klaas Knot said on Thursday (19) that investors underestimated the ECB’s determination to bring inflation back to the 2% target.

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The Federal Reserve is expected to raise interest rates by 0.25 percentage points at its monetary policy meeting in February, while the ECB is expected to raise 0.50 percentage points.

China said the worst was over in its battle with Covid-19 on what was expected to be one of the busiest travel days in years on Friday – a mass displacement of people that stoked fears of a further spike in infections. .

  • In LONDON, the Financial Times index advanced 0.30%, to 7,770.59 points.
  • In FRANKFURT, the DAX index rose 0.76% to 15,033.56 points.
  • In PARIS, the CAC-40 index gained 0.63% to 6,995.99 points.
  • In MILAN, the Ftse/Mib index appreciated by 0.70%, at 25,775.52 points.
  • In MADRID, the Ibex-35 index registered an increase of 1.42%, to 8,918.20 points.
  • In LISBON, the PSI20 index appreciated by 0.88%, to 5,913.81 points.

Source: CNN Brasil

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