Nervousness in the European markets

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Nervousness with slight changes prevails in the main European stock markets on Tuesday with investors evaluating corporate and macro results from Britain.

In particular, the pan-European Stoxx 600 gains 0.10% to 488.91 points, with the telecommunications sector recording an increase of 1.1% while the construction sector declining 0.3%. At the same time, the other pan-European Stoxx 50 gains 0.18%.

On the rest of the board, the German DAX strengthened by 0.17%, the British FTSE 100 loses 0.16% and the French CAC-40 adds 0.20%.

In the periphery, the Spanish IBEX-35 declines 0.33% while the Italian FTSE MIB gains 0.04%.

On the geopolitical front, tensions are escalating due to the alleged concentration of Russian troops on the Ukrainian border, with NATO warning that it is ready to defend Ukraine’s sovereign rights.

Meanwhile, the immigration crisis on Belarus’ borders with Poland, Latvia and Lithuania has brought Minsk to the European Union, with foreign ministers discussing a new round of sanctions against President Alexander Lukashenko and other entities.

In business news, Imperial Brands announced improved earnings for the year to September 30, mainly due to emergencies, and stressed that it is in a good position to manage inflation. The British tobacco company posted pre-tax profits of 24 3.24 billion ($ 4.35 billion) in 2021, up from 17 2.17 billion in 2020.

Alongside, The French group Bouygues announced earnings that exceeded estimates in the nine months, as the recovery returned him to pre-pandemic levels. The group announced operating profit of 1.14 billion euros compared to the profit of 681 million euros from the same period last year.

In macro, the number of people on corporate payroll in the UK continued to rise in October, a sign that the end of the government’s job support program did not drive unemployment higher. The data may boost expectations that the Bank of England will start raising borrowing costs slightly as early as next month.

There were 29.3 million people on corporate payrolls in October, according to the statistics service, 160,000 higher than the previous month. Unemployment fell to 4.3% in the quarter to September, while average earnings for the same period rose 4.9% year-on-year, excluding bonus payments.

Meanwhile, important Bitcoin and other cryptocurrencies recorded losses on Tuesday falling from approaching record levels.

In particular, Bitcoin fell to $ 60,000 in the first trading of the day, to then recover part of the losses and now trade with a drop of 5% in 24 hours, close to $ 60,800, according to CoinDesk.

Ether slipped nearly 6% to $ 4,300, having previously lost as much as 8%.


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