European stocks set new records, but mining stocks down

The actions europeans reached another record high this Monday (15), after comments by the president of the European Central Bank (ECB), Christine Lagarde, helped to curb bets for a tighter monetary policy, while a decline in mining roles contained gains.

Lagarde, said that the discharge of inflation The current rate will be longer than anticipated but will decline in the next year, so monetary policy action will now hit the economy at a time when price growth starts to moderate on its own.

The continental STOXX 600 index rose 0.4%, while the German DAX index rose 0.3%, with both reaching new highs.

“ECB President Lagarde’s comments highlighted the persistence of the dovish approach (inclined towards a looser monetary policy) in the face of inflationary pressures, with the first high still expected in 2023,” said Joshua Mahony, senior market analyst at IG.

The French CAC 40 blue-chip index also hit an all-time high, rising 0.5% on a rise by Airbus. The European aircraft maker has received a multibillion-dollar order for 255 A321neo passenger jets from portfolio airlines of private equity firm Indigo Partners.

The STOXX 600 marked a series of record highs this month, as strong corporate earnings and milder monetary policy decisions by central banks boosted investor confidence, helping to shift focus away from a resurgence in the economy. Covid-19 in the region.

Meanwhile, the European index of basic resources fell 1.1% as metal prices plunged on the promise of China of “gradually reducing” the coal in the dome of the COP26.

Data earlier in the day showed that retail sales and industrial production growth last month in the world’s second-largest economy exceeded expectations, fueling optimism among global investors.

The Austrian government became on Sunday (14) the first European country to re-establish a new blockade, placing millions of unvaccinated people under restrictions amid record infection rates.