Mass grave with 900 civilian bodies discovered near Kiev – Invasion of Ukraine


Europe in the green but heading towards a monthly loss of more than 1%

Europe kicked off the green session, mitigating the slump registered during this month, as Beijing promises to increase stimulus to boost the Chinese economy and investors digest the robust results of the European “earnings season”, referring to the first quarter.

The Stoxx 600, the European benchmark par excellence, continues to add 1.02% to 451.63 points. Of the 20 sectors that make up the index, the mining and technology sectors command the gains. The index is on track to end April down 1.2%.

Among the main market movements, Novo Nordisk shares stand out, which shot up 5.62%, after having revised upward the profit forecast for this year.

In the remaining European markets, the Spanish IBEX increased by 0.57%, the German DAX and the French CAC 40 each added 1.20%, while the FTSE rose by 0.49%. Amsterdam values ​​1.68% and Milan gains 1.05%.

The Portuguese PSI is the index that registers the most timid gain, increasing by 0.31%, mainly driven by Mota-Engil, which climbs more than 2% and pressured by Jerónimo Martins, which falls by more than 1%.

European equities experienced a turbulent April as investors digested the prospect of tighter monetary policies from central banks, galloping inflation and the energy crisis.

In the midst of this scenario, the period of results referring to the first quarter managed to provoke some appetite for risk, as some companies managed to exceed earnings estimates, despite various geopolitical and macroeconomic constraints.

“European shares are registering positive trading in the last days of April, but this was [no geral] a very complicated month and the tone is not very positive”, warns Francisco Simon, responsible for the strategy department at Santander Asset Management, quoted by Bloomberg.

“Investor concerns [estão direcionadas para] the new confinements in China and the Russian invasion of Ukraine”, adds the expert.

Spain’s biggest asset manager is therefore cautious when it comes to betting on European equities, as the first quarter’s gains may not be continued in the coming months due to the possibility of an unexpected slowdown in the economy.


Source: Jornal de Negócios by www.jornaldenegocios.pt.

*The article has been translated based on the content of Jornal de Negócios by www.jornaldenegocios.pt. 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!