Major European stock markets started the session with gains on Monday (17/6) as investors tried to shake off last week’s negative sentiment and looked ahead to the interest rate decision. of the Bank of England.
The pan-European Stoxx 600 index rose 0.32% and traded at 512.66 points.
In Germany the DAX increased by 0.50% to 18,109.95 points, in Britain the FTSE 100 increased by 0.19% to 8,162 points, in France the CAC 40 increased by 0.59% to 7,547.90 points, in Spain’s IBEX 35 and 0.92% to 0.92%. in Italy the FTSE MIB rose 0.79% to 32,923 points.
French shares fell 2.7% as investors remained wary of the possibility of Marine Le Pen’s populist, far-right National Rally party winning after French President Emmanuel Macron’s sudden decision to call a general election .
Investors turned their attention to the Bank of England, which decides on interest rates next Thursday. The BoE is expected to keep interest rates steady at 5.25%, with most economists polled by Reuters expecting the cuts to start in August.
The picture is mixed in Asian markets on Monday as traders analyzed key economic data from China. Wall Street stock futures were little changed.