Relaxing China’s Covid rules and softer Fed outlook give Europe gains – markets in a minute

Europe ends the week mostly in green

European stock exchanges closed trading on Friday mostly in green. This is at a time when investors are anticipating a slowdown in the pace of interest rate hikes in the US and are seeing the easing of measures to combat the coronavirus in China.

The Stoxx 600 – the European standard – advanced 0.09% to 432.26 points, after having been one of the best weekly offers in months.

Among the 20 sectors that make up the index, financial and natural resources contributed the most to the rise, rising by 2.73% and 2.58%, respectively. Telecommunications (-1.06%) and utilities [água, luz e gás – a ceder 1,58%] They were among those who retreated the most.

In the remaining European markets, Germany’s Dax rose 0.56%, France’s CAC-40 rose 0.58% and Italy’s FTSE Mib rose 0.25%. Spain’s Ibex lost 0.43% and Britain’s FTSE 100 lost 0.78%.

For now, Europe continues to grapple with an energy crisis, as well as the prospect of a possible recession, while inflation remains at very high levels. Higher-than-expected temperatures for this time of year in the region have mitigated the impact of lower Russian gas supplies, but this remains one of the main concerns for European governments.