Positive climate in the European markets

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European stock markets are moving positively on Friday at the close of another week with high volatility as investors try to assess the course of the global economy and corporate profitability in an environment of high inflation and tighter monetary policy.

On the board, the pan-European Stoxx 600 index rose 0.9% to 431.87 points after heavy losses on Thursday.

The German DAX gained 0.85% to 13,999.94 points, the French CAC 40 rose 0.6% to 6,308.71 points, while the British FTSE 100 strengthened 1.4% to 7,403.22 points.

In the region, the Italian FTSE MIB is up 0.8%, while the Spanish IBEX 35 is up 1%.

Investors continue to watch the war in Ukraine and the geopolitical implications of the war that have led to an unprecedented rally in fuel and food prices. The United Nations World Food Program has warned that failure to open ports in Ukraine would be a declaration of war on global food security.

The finance ministers and central bankers of the Group of Seven (G7) will meet today in Bonn, Germany, to discuss Ukraine’s support efforts and the global economic challenges posed by the war.

At the end of the day, data released today in Germany showed that producer prices jumped 33.5% year-on-year in April, setting a new record.

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Source: Capital

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