European stocks start 2022 with record high, despite Covid-19’s advance

The actions europeans closed higher this Monday (3), starting the year in an optimistic mood with the hope of a stable economic recovery, despite the increase in cases of Covid-19 because Ômicron variant.

The pan-European STOXX 600 index closed up 0.45% at 489.99 points, a record high for the close.

The index jumped 22.4% in 2021, its second best annual performance since 2009, as continued economic stimulus, corporate earnings growth and the distribution of vaccines encouraged investors to direct money into the stock markets.

“Although Covid-19 variants have permeated the global economy, 2021 was a record year, with many stock exchanges closing at or near historic highs, as stock inflows surpassed their greatest accumulation ever ($928 billion). ),” said Sean Darby, global equity strategist at Jefferies.

“Looking to 2022, we expect volatility to increase,” he says.

Automakers led gains among European sectors, with a 2.4% jump, in the wake of monthly sales reports and positive annual targets from several global automakers, such as Hyundai e Tesla.

London markets remained closed on Monday. In Frankfurt, the DAX index rose 0.86%, to 16,020.73 points.

In Paris, the CAC-40 index gained 0.90% to 7,217.22 points. Milan’s Ftse/Mib index rose 1.40% to 27,730.32 points.

Madrid’s Ibex-35 index rose 0.54% to 8,761.20 points. In Lisbon, the PSI20 index increased 1.23% to 5,637.91 points.

Reference: CNN Brasil

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