Upward start to the week in the euro markets

The main European indices are moving in positive territory in the first trading of the week, looking to leave behind the difficult first half of the year, which was dominated by concerns about inflation, the war in Ukraine and the possibility of a global economic recession.

In particular, the pan-European Stoxx 600 is up by 0.85% and moves to 410 points, with the energy companies sector setting the pace with +3.25%, followed by retail companies with +1.5%.

Similarly, the high capitalization of the Stoxx 50, which is at 3,465 points, is moving upwards but with smaller gains of 0.5%.

On the domestic European charts, Germany’s DAX moves with a slight increase of 0.35% to 12,860 points, France’s CAC 40 strengthens by 0.7% and is at 5,974 points, while in Britain the FTSE 100 scores gains of 1% moving to 7,241 points .

Markets in the region are also showing upward movement, where in Italy the FTSE MIB is at 21,419 points with +0.3%, while in Spain the IBEX 35 is up by 0.35% at 8,206 points.

It is noted that the US market will remain closed today due to the July 4 holiday, which is expected to keep volumes low globally.

In individual European stock moves, medical device company Convatec jumps more than 4% to lead large caps, while Austrian microchip maker ams-OSRAM dives 7% after JPMorgan downgraded its stock from “overweight” to “neutral”, reducing the target price by more than half.

Markets in Asia-Pacific were mixed earlier today, with indices in Japan and mainland China moving higher, while Hong Kong and South Korea posted losses.