Positive turn in the European markets after the LNG agreement

LAST UPDATE 13:30

The US-EU LNG supply agreement has given European indicators a positive outlook as investors continue to assess Fed officials’ statements on interest rate policy in a more aggressive tone.

In particular, the pan-European Stoxx 600 is now up 0.44% at 455.07 points, while the high capitalization of the Stoxx 50 is up even better with an increase of 0.8% to 3,894 points.

On the European charts, the German DAX is also up 0.8% to 14,387 points, the French CAC 40 is up 075% to 6,605 points, as is the British FTSE 100 which is up 0.27% to 7,487 points.

The European region is moving at a similar pace, where in Italy the FTSE MIB is up 0.44% to 24,508 points, as is the Spanish IBEX 35 which is up 0.48% to 8,345 points.

The absence of any development on the front of the Russo-Ukrainian war has led to a slump in European markets, but they still have room to close higher for a second consecutive week.

Otherwise, Western diplomatic contacts continue at the highest level as yesterday NATO met 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%.