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European stocks closed high on Monday as they encouraged economic data from China and continued optimism about earnings and growth helped offset concerns about high inflation and rising interest rates.
However, in most cases the profits were small. market Concerns about an increase in new coronavirus cases have weighed heavily on emotions in the region.
Germany’s coronavirus Infection rates have risen to the highest levels since the outbreak of the pandemic. health The numbers showed. In Austria, following the surge in infection rates, a national blockade in effect today has been imposed on all people who have not been vaccinated against Covid-19.
The Pan-European STOXX 600 rose 0.35%. The UK’s FTSE 100 rose 0.05%, the German DAX rose 0.34%, and the French CAC 40 rose 0.53%. The Swiss SMI ended flat.
Among other European markets, the Czech Republic, Iceland, the Netherlands, Portugal, Russia, Spain, Sweden and Turkey closed at high prices.
Austria, Belgium, Greece, Ireland and Poland ended weakly, while Denmark, Finland and Norway ended flat.
In the UK market, Avast has risen by more than 7%. Royal Dutch Shell won more than 2% after oil majors announced a proposal to simplify the equity structure to increase the speed and flexibility of capital and portfolio action.
London Stock Exchange Group, Standard Chartered Bank, Royal Mail, Johnson Matthey, Admiral Group and AstraZeneca rose 1.9-3.2%. RightMove, M & G, Lloyds Banking Group and Burberry Group also rose significantly.
Cineworld, the world’s second-largest movie chain, grew 7% after reporting an improvement in box office revenue in October.
Aveva Group, Evraz, B & M European Value Retail and Darktrace fell 2.3-2.8%. Rentokil Initial, BHP Group, Antofagasta, Informa and Glencore lost 1.7-2%.
In the French market, BNP Paribas increased by more than 3% and Worldline increased by about 2.6%. Societe Generale, Engie, Bouygues and Hermes International increased by 1.3-2%.
Airbus Group shares rose about 1.7% after the company recorded a mega-order of 255 narrow-body jets at the Dubai Airshow.
ArcelorMittal, Faurecia, Technip, Unibail Rodamco, Viventi and Saint Gobain were significantly sluggish.
In Germany, Zalndo increased by more than 4%. RWE rose nearly 3.5% and HelloFresh rose 2.8%. Vonovia, Merck, Daimler, Continental, Deutsche Wohnen and Siemens have also made remarkable progress.
The share of medical device maker Philips plummeted by more than 10%. The company, which is recalling ventilators through the use of parts containing potentially dangerous foam, announced that it is in talks with US regulators after a new inspection of one of its facilities.The company is recalling
In Spain, BBVA shares fell 4% after lenders began bidding for € 2.25 billion to give full ownership of Turkish lender Garanti.
According to Eurostat data, the eurozone trade surplus in September declined as exports declined as imports increased, according to economic news. The trade surplus fell from € 9.7 billion in August to € 6.1 billion seasonally adjusted.
Exports fell 0.4% on a monthly basis, while imports increased 1.5% in September. Exports and imports in September increased by 10% and 21.6% year-on-year, respectively.
As a result, the trade surplus in September totaled 7.3 billion euros, compared with 24.1 billion euros in the same period of the previous year. Economists predicted that the surplus would drop to € 6.5 billion.
European Central Bank Governor Christine Lagarde said on Monday that inflation in the euro area has remained higher than expected for longer than expected, but will ease in the coming months and interest rate hikes next year are unlikely. ..
“Inflation could last longer than currently expected if energy prices continue to rise or supply constraints continue,” Lagarde said in a virtual hearing of the European Parliament’s Economic and Monetary Union. ..
“Overall, we continue to predict inflation below the new symmetrical 2% target in the medium term,” she added.
Data released by China’s National Bureau of Statistics showed the second largest industrial production in the world Economy Although it grew 3.5% in October, retail sales increased 4.9% annually, better than expected.
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