On positive ground, the main indices of the European stock markets ended the session on Monday (24/6), as investors await new economic data and decisions on interest rates. from the region.
All major stock markets and most sectors traded in the green, with banks posting a 1.9% gain, while tech stocks fell 0.7%.
German blue-chips on the DAX rose 1 percent even after the Ifo Institute published research that found the country’s business climate “deteriorated” in June. Expectations are more pessimistic as the economy struggles to break out of stagnation.
European markets experienced a volatile trading week last week as investors assessed a range of central bank decisions and data releases, including a rate cut by the Swiss central bank. bank and the Bank of England holding rates steady.
Monetary policy decisions from the central banks of Sweden and Turkey are expected this week, while investors await gross domestic product data from Spain on Tuesday and Italy on Friday.
Global sentiment will also be influenced by the Consumer Price Index, the Federal Reserve’s preferred inflation gauge, from Friday.
In this context, the pan-European Stoxx 600 index strengthened by 0.73% to 518.86 points.
Germany’s DAX rose 0.99% to 18,342.83, France’s CAC 40 gained 1.03% to 7,706.89, while Britain’s FTSE 100 gained 0.53% to 8,281.55.
In the region, Italy’s FTSE MIB rose 1.58% to 33,834.91 points, while in Iberia Spain’s IBEX 35 gained 1.27% to 11,172.10 points, with Portugal’s PSI 20 gaining 0.31% to 6,590