With significant gains of over 1%, the main European indices completed the first trades of the week, completing the second consecutive uptrend day after a while.
In particular, the pan-European Stoxx 600 index closed at 436.54 points with + 1.26%, receiving a boost from the mini rally 2.2% of the mining services sector while in general all its sub-sectors completed in positive territory.
In the rest of the European charts, the German DAX rose 1.4% and finished at 14,175 points, the French CAC 40 strengthened by 1.2% closing at 6,358 points, as well as the British FTSE which finished at 7,513 points with +1.7 %.
In the region, the Spanish IBEX 35 closed with a rise of 1.7% to 8,625 points, however the Italian FTSE MIB failed to take advantage of the day, finishing with marginal gains of 0.17% at 24,136 points.
In sub-shares, Siemens Gamesa jumped 6.4% to the top of the Euro Stoxx 50, after Siemens Energy bid to buy all its shares for 4.06 billion euros.
On the contrary, in the last position of the index was the Swiss pharmaceutical company Vifor Pharma with a dip of 8.3%.
Despite the rise on Friday, European indices closed in negative territory a week of high volatility and intense pressure, while in the US S&P ended the last five days having entered the bear market area intra-conference.
This week, however, seems to have started on better terms on both sides of the Atlantic, as Wall Street is also moving today with an increase of more than 1%.
Otherwise, investors continue to watch the war in Ukraine and the geopolitical effects of the war that have led to an unprecedented rally in fuel and food prices.
The World Economic Forum in Davos kicks off this week, bringing together political and business leaders from around the world. This year’s summit comes after two years of pandemic and in the midst of the Russian invasion of Ukraine, which is expected to be at the top of the agenda.
Finally in the field of results, Kingfisher announced that sales fell in the first quarter of 2022, due to strong comparisons with the previous year, but remained higher than pre-pandemic levels, while supporting estimates for the full year.
Source: Capital
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.
