Profits in the European markets

European stocks are moving higher on Wednesday, following gains in Wall Street and Asia, while investors are trying to assess the course of monetary policy in the US and Europe against the backdrop of the inflation rally in recent months.

European Central Bank President Christine Lagarde said earlier in the week that upward pressure on prices was likely to subside before consolidating, in a bid to allay concerns raised by her statements at last week’s press conference. concern to the Board of the ECB on inflation.

For his part, the Governor of the Bank of France and member of the Board. The ECB estimated yesterday that the reactions in recent days in the markets “could have been very strong”, adding that inflation will gradually decline in the coming months.

Several analysts revised their outlook on ECB interest rates this year after last week’s central bank meeting, placing the first rise from their all-time low at the end of the year.

On the board, the pan-European Stoxx 600 index rose 1% to 469.97 points.

The German DAX gained 0.9% to 15,383.66 points, the French CAC 40 strengthened by 1.1% to 7,104.19 points, while the British FTSE 100 gained small gains of 0.4% to 7,595.87 points.

In the region, the Italian FTSE MIB gains 1.15%, while the Spanish IBEX 35 strengthens by 0.7%.

Investors are also waiting for US inflation data to be released on Thursday, which is expected to show a 0.4% rise in prices in January and 7.2% from the same period last year.

Meanwhile, the barrage of corporate results with L’Oreal, Deutsche Boerse, Siemens Energy, ABN Amro, and GSK continues among the European giants that today announce their sizes for the previous quarter.