The European markets are in the ‘red’ for the 4th day in a row – Stoxx 600 is down 2%

LAST UPDATE: 14.30

The main European stock markets started the week with losses for the fourth consecutive day, in the aftermath of the sell off in the American market of the last sessions, as the investors continue to worry about the persistently high inflation.

In particular, the futures of Wall Street indexes are moving with negative signs on Monday, after a week with strong fluctuations in the US stock market, with the Nasdaq losing 1.54%, while the S&P 500 and the Dow fell 0.21%. and 0.24% respectively. It was the sixth consecutive week of losses for the Dow and the fifth consecutive for the other two key indicators.

Monetary policy remains a key player in the market climate. International bond yields have risen in recent weeks as investors react to interest rate hikes by the Fed and the Bank of England. The European Central Bank has not yet followed through with its own interest rate hikes, but an increase in the summer seems likely.

Investors are also watching developments on the war front in Ukraine. The annual military parade in Red Square took place in Moscow as Russia celebrated the “Victory of the Day of May 9” over its victory over Nazi Germany in 1945.

THE This year’s parade took place as the Russian invasion of Ukraine unfolded, with its army now focusing on fighting in the east of the country after failing to occupy the capital Kyiv and other major cities.

In his speech on the celebration of Victory Day on May 9, Vladimir Putin “We are fighting for the security of Russia,” he said.

“It’s our duty to preserve the memory of those who defeated Nazism,” he said, adding that “the West was preparing to invade our country. NATO was threatening our borders. “They had other plans.”

In this climate, the pan-European index Stoxx 600 loses 2.2% to 420 points, with the core resources sector falling 4.2%.

In the individual dashboard, the German DAX notes losses of 1.92% at 13.4100 points, the French CAC 40 loses 2.25% to 6,120 points and the British FTSE MIB falls 2% to 7,245 points.

In the periphery, the Italian FTSE MIB slips by 1.9% to 23,035 points, while the Spanish IBEX 35 is down 0.87% at 8,250 points.

In the individual shares, British advertising company S4 Capital plunged more than 13% after lowering its earnings forecast for the year. Deutsche Post plunges 6%, while Italian aerospace and defense company Leonardo adds 4%.

The British real estate company Rightmove PLC is falling by 6%, after announcing that Peter Brooks-Johnson, its managing director for the past five years, will step down by the company in the following year.

In the scope of resultsInfineon, the leading processor supply company for the automotive industry, announced 22% increase in second quarter revenue and upgraded the outlook for overall use, as it benefits from the global shortage of semiconductors.

Hochtief AG announced that profits and sales in the first quarter increasedthanks to the Asia-Pacific unit and Albertis toll activities, while the Spanish drug company Almirall confirmed its profit target for the whole year, despite the fall of net profits in the first quarter.