The European markets are on the rise with a view to central banks

LAST UPDATE: 12.50

Major European stocks were lower at the start of a week as investors’ interest shifted from developments in the Omicron mutation to monetary policy decisions expected to be made by the US Federal Reserve, Bank of Japan, Bank of Japan, Bank of Japan and the European Central Bank.

The meetings of the above central banks will be held amid concerns about the spike in inflation worldwide. On Friday, in the most recent data released, US inflation rose the fastest since 1982, rising to 6.8%, but investors were not discouraged after the New York Stock Exchange closed with gains, completing the its best week since February and the S&P 500 hit a new all-time high.

In a note Monday, Societe Generale Global chief economist Klaus Baader said he expected “a tapering acceleration and a signal for the Fed to raise interest rates sooner than expected.” As for the ECB, it estimated that it would put “PEPP on hold”, while watching the Bank of Japan maintain its easing monetary policy.

In this climate, the pan-European index Stoxx 600 gains 0.5% to 477 points, with the automotive, core resources and technology sectors adding more than 1%.

In the individual dashboards, the German index DAX adds 0.84% ​​to 15,775 points, the French CAC 40 strengthened by 0.17% to 7,000 points and the British FTSE 100 records marginal losses at 7,287 points.

In the periphery the Italian FTSE MIB notes an increase of 0.63% to 26,890 points and the Spanish IBEX 35 adds 0.44% close to 8,400 points.

In corporate news, Credit Suisse has announced the renewal of its board of directors. On Friday, Santander Bank was ordered to pay Andrea Orcel 68 million euros, because it withdrew its offer for the position of CEO.

Most stock markets in the Asia-Pacific region show modest gains at the start of the week, with Japan, China and Hong Kong moving upwards and South Korea turning negative.