European stocks close with no single signal after volatile session

European stock markets closed without a single direction on Tuesday (6).

Part of the stock markets recovered after a predominantly negative session on Monday, but other markets retreated or remained stable.

The risks of the energy sector remained in the foreground, with expectations also for the monetary policy decision of the European Central Bank (ECB), this Thursday, when monetary tightening is expected.

In the political arena, Liz Truss took over as prime minister, hoping for a package to help the UK population face recent increases in electricity and gas bills.

The pan-European Stoxx 600 index closed up 0.24% at 414.38 points.

The fact that Russian state-owned Gazprom over the weekend announced the interruption of natural gas supplies through the Nord Stream 1 pipeline still matters.

The Russian company demanded on Tuesday that Siemens Energy repair faulty equipment to resume shipments. Fitch warned that the complete cut increases the chance of recession in the European Union, starting in the second half of the year.

Goldman Sachs, meanwhile, predicted that Europe’s energy costs by 2023 are expected to rise by $2 trillion.

This raised the prospect of government interventions to support local consumers.

New British Prime Minister Liz Truss is working on a plan to freeze energy bills in the UK, according to the report. Bloomberg and other means.

Italy planned to reduce heating of homes and businesses in the winter, while Portugal on Monday announced a package of measures to help the population deal with rising inflation.

On the London Stock Exchange, the FTSE 100 index closed up 0.18%, at 7,300.44 points

In Frankfurt, the DAX index advanced 0.87% to 12,871.44 points.

On the Paris Stock Exchange, the CAC 40 index rose 0.19% to 6,104.61 points.

In Milan, the FTSE MIB index ended the day stable at 21,480.61 points.

On the Madrid Stock Exchange, the Ibex 35 index fell 0.26% to 7,842.20 points.

In Lisbon, the PSI 20 dropped 0.63%, to 5,966.59 points.

Source: CNN Brasil

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