Europe is mostly green, the fourth day of gains
The main European markets are mostly trading on positive territory, on the day of the release of various data that will help to understand the state of the European economy, as well as inflation in the United States.
The Stoxx 600 benchmark rose 0.19% to 428.55 points. The food sector leads the gains, followed by the mining sector, both with gains of less than 1%.
Western Europe index is on track for the fourth day in positive territory, marking the most consecutive day with gains in the month.
Expectations that a slowdown in inflation may allow for a slowdown in “aggressive” monetary policy by central banks, as well as news that Ukraine has managed to reclaim territory from Russian forces, contributed.
Cesar Gimino, an analyst at Mapfre AM, notes that “the mood has been more positive in recent days, but there have been no structural changes and risks remain.”
“We expect central banks to be the main driver of the stock market at the moment,” notes the analyst.
Among the major indices in Western Europe, the French CAC-40 Index is up 0.42%, in Amsterdam, the AEX Index is up 0.17%, and the German Dax Index is up by 0.10%.
Britain’s FTSE 100 and Spain’s IBEX 35 are both trading on the waterline, advancing 0.03% and 0.02%, respectively.
Among the declines were the Italian FTSEMIB index, which fell 0.06%, and the PSI index, which fell 0.02%.
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