The main European stock markets are moving up for the second consecutive session, as investors appear optimistic that the economic recovery will continue in 2022 without being derailed by the rapid spread of the Omicron mutation.
The positive momentum of the new year continues in global markets, with stock markets in Europe remaining at historically high levels, although many countries on the continent are reintroducing restrictive measures to curb the spread of the virus.
The pan-European index Stoxx 600 adds 0.63% to 493 points, with all sectors positive, except health and chemicals. The travel and leisure index jumps 2.5% to the highest level in more than six weeks and leads the profits. Ryanair, British Airways owner IAG and Wizz Air win between 6% and 8%.
In the individual dashboard, the German DAX gains 0.23% to 16,060 points, the French CAC 40 strengthened by 0.52% to 7,250 points and the British FTSE 100 climbs 1% to 7,460 points, its highest level since February 2020.
On the periphery, the Italian FTSE MIB adds 0.24% to 27,800 units and o IBEX 35 marks an increase of 0.63% to 8,815 units.
In macro The number of unemployed in Spain fell by 2.41% in December compared to November, or by 76,782 people, with 3.1 million unemployed, according to data released by the Ministry of Labor published on Tuesday. The figures show the lowest number of unemployed since December 2007.
In France, Finance Minister Bruno Le Mer said the country’s growth will be significantly higher this year from the current forecast of the government for 6.25%.
Meanwhile, the Wall Street index entered 2022 with the right, with the industrial Dow Jones and the wider S&P 500 closing at new historical highs despite the hesitant start and the technological Nasdaq gaining 1.2% with a rally boost. technology giants such as Apple and Tesla.
Stock markets in the Asia-Pacific region show a mixed picture on Tuesday, against the backdrop of Chinese macros that showed that the growth rate of Chinese industrial activity accelerated in December. “Weight” in today’s transactions the technology sector.
At the same time, investors are watching the developments regarding the “giant” of real estate Evergrande. Today Evergrande trading resumes in Hong Kong with its share intra-conference adding 6% and finally maintaining profits of around 3%.
A filing of documents on Tuesday showed that the company’s contracted real estate sales stood at 443.02 billion yuan ($ 69.22 billion) last year, down 38.7% from 723.25 billion yuan in 2020.
The company said Tuesday that it “will continue to actively maintain contact with creditors, seek to resolve risks and safeguard the legal rights and interests of all parties.”
The company added that the demolition order for the Ocean Flower Island project concerned only 39 buildings, according to the filing of documents on the Hong Kong Stock Exchange on Tuesday.
Evergrande’s public statements sought to reassure investors that the company was completing and delivering apartments to customers. But demand has waned for the company’s future projects.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
