The European stock exchanges are not holding back the race. After the two pre-Christmas sessions in sharp rise, European stock markets have started to rise again. If possible with greater decision.
In the first session of the week, the markets of the Old Continent were able to take advantage of two and a half news items. Here is the analysis of the Studio di ProiezionidiBorsa on the salient facts of the day today.
Paris and Frankfurt stand out
Sitting in dust for the European price lists. The stock exchanges that recorded the greatest progress were the German and the French. Piazza Affari closed with a gain of 0.7%. The Ftse Mib (INDEX:FTSEMIB), finished at 22,288 points, held back all day by the resistance at 22,400 points.
European stock exchanges were able to take advantage of two and a half news items
Today the European stock exchanges were able to take advantage of two and a half news items. The first news is that of the beginning of vaccinations throughout Europe. Yesterday the campaign started in all European countries with the first thousands of people immunized.
About this, there is a curiosity that helps to understand how the markets move. As written above, the German and French stock exchanges did better than the other European squares. The Dax gained 1.5% while Paris rose 1.2%. Madrid gained 0.5% and London 0.1%.
More vaccines for Germany and France push the two lists
Well, yesterday a controversy broke out about the distribution of vaccines. Word got around that Germany and France had many more vaccines than Italy, Spain and other smaller countries, in proportion to the population. Surely this is not the case, but certainly the operators seem to have believed it.
The other news concerns the agreement between the EU and the UK. Just before the holiday of Christmas, Europe and Great Britain agreed on a regulated UK exit from the EU. An agreement that would seem to favor the European Union at the expense of London.
In particular, Great Britain would have been disadvantaged in the fishing sector, which saw British and French interests opposed. It is no coincidence that the City earned only 0.1% against 1.2% of the French stock market.
A cocktail of drugs against Covid 19 does not push London
The half-news, which could have helped the London stock market, appears to have had little effect. In the United Kingdom, experimentation has begun for a cocktail of drugs capable of immunizing from Covid 19 immediately and for 6-12 months.
But we are only at the testing stage, which could take a long time to be validated. The operators do not seem to have given too much weight to the novelty.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
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