European stock markets opened up after a gloomy previous week


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.

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