Profits in the European markets at the beginning of the week

The pan-European STOXX 600 closed higher on Monday after five consecutive weeks of losses amid geopolitical tensions over Ukraine and as investors worry the ECB is now on track to tighten its grip on the stock market. inflation.

The pan-European STOXX 600 index strengthened 0.7%, having recorded total losses of more than 5% this year as strong inflationary pressures in recent months led investors to revise their forecasts for monetary policy this year.

Inflation has soared to record levels in recent months, forcing the European Central Bank to publicly express its concern about price developments, opening the door to raising interest rates this year, analysts say.

However, the President of the ECB, Christine Lagarde, stated today that the Inflationary values ​​are likely to decline before consolidatingwhich will help the central bank avoid a significant tightening of its policy.

The German DAX rose 0.7% to 15,206.64 points, the French CAC 40 strengthened 0.8% to 7,009.25 points, while the British FTSE 100 also rose 0.8% to 7,573.47 points.

In the region, the Italian FTSE MIB fell by 1%, while the Spanish IBEX 35 lost 0.4%.

At the macro level, German industrial production fell 0.3% in December, according to data released today, as supply chain problems hit Europe’s largest economy.

In the UK, house prices rose at the slowest monthly rate since June last year as the post-lockdown labor market boom began to weaken and rising cost of living is expected to put a further brake on the company, the company said. Halifax Mortgages.