The main European indicators at the close of the trading week are showing negative signs and marginal changes, with investors waiting for the end of the EU Summit while evaluating the new statements of Fed officials regarding the interest rate policy, in a more aggressive way.
In particular, the pan-European Stoxx 600 moves slightly lower by 0.2% to 452.11 points and its sub-sectors in different signs, with sales in banking declining by 0.9% while food and beverages strengthening by 0.4% .
On the European charts, the German DAX moves with small losses of 0.12% to 14,257 points, the French CAC 40 marks a marginal drop of 0.08% to 6,546 points, as well as the British FTSE 100 which falls slightly by 0.16% moving to 7,454 units.
The European region is moving at a similar pace, where in Italy the FTSE MIB remains virtually unchanged at 24,396 points, while the Spanish IBEX 35 is down 0.17% at 8,291 points.
The absence of any development on the front of the Russo-Ukrainian war has led to a slump in European markets, which are slowly but steadily cutting last week’s profits.
At the same time, Western diplomatic contacts continue at the highest level as yesterday you met NATO and then followed the EU Summit which ends today, except unexpectedly.
The alliance has decided to strengthen its military forces on the eastern front, while the US and Great Britain have announced new sanctions on Russian oligarchs and officials. In addition, the United States announced the sending of further financial assistance to Ukraine.
At the same time, markets in both Europe and the world are assessing the statements of Fed officials who speak of the possibility of adopting an even more aggressive stance with higher increases in bank interest rates, in the face of rapid inflation.
In single-share trading, Sweden’s Trelleborg traded up 20% and topped European blue chips after Yokohama Rubber announced it was buying its tire industry for $ 2.3 billion.
By contrast, Nordea Bank and Husqvarna are up 7%.
Source: Capital
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