After a difficult previous week, a new week opened on the European stock exchanges.
In Germany, producer prices rose 33.6 percent year-on-year in April, when analysts forecast a 33.8 percent rise. The month-on-month increase was 1.6 per cent, compared with a forecast of 1.5 per cent.
The Frankfurt DAX index was up 0.6 percent since the figures were released. The largest increase was made by real estate companies with an increase of 1.3 per cent.
Last week, central banks around the world raised interest rates. The US Federal Reserve raised its interest rates by 75 basis points, the Swiss National Bank by 50 basis points and the Bank of England by 25 basis points.
The broad STOXX Europe 600 index was up 0.3 percent.
The President of France Emmanuel Macron lost a majority in the lower house of the French parliament in the second round of the country’s parliamentary elections on Sunday. The Paris CAC 40 index was up 0.4 percent today.
On the London Stock Exchange, the FTSE 100 index rose 0.3 percent.
In the United States, the stock market is closed today due to a national holiday. Futures anticipate a rise for tomorrow.
Source: Arvopaperi by www.arvopaperi.fi.
*The article has been translated based on the content of Arvopaperi by www.arvopaperi.fi. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!