Small profits and a new record the STOXX 600

The European stock markets closed with mixed signs on Monday, with the pan-European index STOXX 600 climbing to a new record high, continuing the records of the previous week.

In particular, the STOXX 600 closed with small gains of 0.04% at 483.61 points, with energy and raw materials leading the profits as oil and base metal prices continued their upward rally amid estimates that demand in the US will be strengthened after the green light of the Congress in the huge investment program of President Biden in the country’s infrastructure.

The STOXX 600 set new records every day last week, boosting strong corporate profits and amid optimism about the financial outlook.

The investment climate was also boosted by the research that showed that the investment climate strengthened in November for the first time since last July. In particular, the Sentix index for the Eurozone climbed to 18.3 points from 16.9 points in October, exceeding the average estimates of analysts in a Reuters poll that put the index at 15.5 points.

The German DAX closed with small losses of 0.05% at 16,046.52 points, the French CAC 40 gained 0.1% at 7,047.48 points, while the British FTSE 100 lost 0.05% at 7,300.40 points.

In the region, the Italian FTSE MIB fell 0.3%, while the Spanish IBEX 35 lost 0.65%.

In business developments, the consumer goods group Henkel plunged 6.5% after the downward revision of the forecasts for the year and the warning of the company that it is not able to fully absorb the price jump.

On the other hand, Richemont gained 2.8% after the news that the hedge fund Third Point has “built” a stake in the consumer goods company.