Second day of rise in the European markets with convincing profits

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The main European indices are looking to cover the lost ground from last week’s sell-off, moving up for the second consecutive day as the global investment climate shows signs of recovery.

In particular, the pan-European index Stoxx 600 moves to 411.2 points with an increase of 1%, receiving a boost from the chemical industry that leads the rise with + 1.5%.

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Its high capitalization moves even better Stoxx 50 which is at 3,513 points with an increase of 1.25%, while in the individual European dashboards the German DAX strengthened by 1% to 13,398 points, the French CAC 40 moves with + 1.4% at 6,001 points, like the British one FTSE 100 which rises 0.45% to 7,153 points.

A similar picture is shown by the European region, where in Italy the FTSE MIB trades at 22,239 points with + 1.1%, while in Spain the IBEX 35 strengthened by 0.7% moving to 8,344 points.

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Following last week ‘s central bank storm, markets – not just in Europe but globally – seem to be gaining ground, with investors looking at post-sell entry opportunities.

Earlier today, Asian stock markets showed a recovery with Japan Nikkei at + 1.8% and Hang Seng in Hong Kong at + 1.5%.

At the same time, in the US futures show a significant rise in the first session of the US market this week, as yesterday it remained closed due to the June 19 holiday for the release of slavery.

In any case, the risks to the economies have not passed, with the outlook continuing to be surrounded by high uncertainty, as ECB chief Christine Lagarde said yesterday, speaking in the European Parliament.

Ms. Lagarde highlighted the challenges posed by extremely high inflation, reaffirmed the bank’s intention to raise interest rates by 0.25% at the next meeting, and stressed that if inflation persists or worsens, then a larger intervention will be judged most suitable for the September meeting.

Source: Capital

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