LAST UPDATE: 14.00
European stocks are looking for direction at the start of the week, with investors coming from a positive week that ended with a historic record for the French CAC 40, which exceeded 7,000 points, and now have their eyes on the new inflation data. in the US to be announced on Tuesday and Wednesday.
The pan-European index Stoxx 600 moves with small fluctuations in the 483 units with the shares of oil and gas adding 1.4% and the automotive sector falling by 1.2%.
On the individual dashboard, the German DAX moves with marginal fluctuations around 16,030 units, o CAC 40 adds 0.22% to 7,055 points and the British FTSE 100 remains almost unchanged at 7,303 points.
In the periphery, the Italian FTSE MIB falls marginally to 22,755 points and the Spanish ΙΒΕΧ 35 loses 0.16% to 9,110 points.
In the scope of results, Henkel AG announced a quarterly increase in sales, although ongoing issues in raw materials and supply have led it to now expect profits to be at the lower end of the range.
The German consumer goods company said sales rose 1.9% to 5.09 billion euros, and rose 3.5% on an organic basis, mainly thanks to Adhesive Technologies. Its share is falling by 6% in today’s trading.
The German chemical company Covestro, upgraded earnings estimates in 2021 for the third time and was optimistic about next year’s outlook, adding that it was unclear whether the push from higher prices would continue.
In the individual shares Siemens Gamesa is up 9% and Darktrace is “jumping” over 10% and is at the top of the European blue chip index, after Berenberg reiterated the recommendation “buy” for the stock.
In the meantime, they present a mixed picture the stock exchanges in the Asia-Pacific region with investors assimilating data on trading in China released over the weekend.
Particularly, China’s exports remained strong in October, a positive sign for an economy struggling to cope with electricity shortages and coronavirus. China’s trade surplus in October stood at $ 84.5 billion, up from $ 66.8 billion a month earlier.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
