LAST UPDATE: 11.00
The main European stock markets are moving upwards, trying to consolidate positive dynamics and recover from last week’s volatility.
Investors, in addition to the inflation rally and the central banks’ moves to tame the rally, are watching developments related to the war in Ukraine, with fighting raging in the east and southeast of the country.
On Monday, more than 260 Ukrainian fighters, including some seriously injured, were evacuated from the Azovstal steel plant, the last stronghold of Ukrainian forces in Mariupol – and relocated to areas under Russian control, according to the Ukrainian military. .
At the same time, Finland and Sweden have announced that they will apply to join NATO, a development that is drawing attention to the reaction of Moscow, which has already expressed its anger at the possible expansion of the North Atlantic Alliance near its borders. Russian President Vladimir Putin stressed on Monday that NATO enlargement “is a problem”.
In this climate, the pan-European index Stoxx 600 adds 1% to 437 points, with the travel and leisure sector leading the way with earnings rising 2.1%.
In the individual dashboard, the German DAX gains 1% over 14,100 points, the French CAC 40 strengthened by 0.87% to 6,400 points and the British FTSE 100 climbs 0.4% to 7,495 points.
In the periphery, the Italian FTSE MIB records gains of 0.95% at 24,260 points and the Spaniard IBEX 35 adds 1% to 8,440 points.
In the individual sharesClariant rallies more than 7% as Swiss chemical company announces late report on financial results for May 19 and concludes governance agreement with major shareholder Saudi Basic Industries Corporation (SABIC).
At the bottom of the European blue chip index, the Swedish investment company Storskogen Group is losing more than 13%.
At the macro of the day, Unemployment in Britain fell to its lowest level since 1974 in the first quarter of the year, but rising inflation led to the biggest drop in real earnings (excluding bonuses) since 2013, according to official figures. In particular, unemployment fell to 3.7% from 3.8%, lower than estimates for a fixed percentage, and 1.257 million people out of work were less than the 1.295 million vacancies, for the first time in history.
With Positive stock indexes move positively on Tuesday in the Asia-Pacific regionas China’s progress in the Covid pandemic field overshadows the new losses recorded by the international markets flagship, Wall Street, on Monday.
Source: Capital
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.
