(CercleFinance.com) – While London fell by 0.4% after a three-day weekend, the other European markets recovered (+0.4% in Frankfurt, +0.8% in Paris), in the wake of of a finally positive closing the day before in New York.
‘The war in Ukraine, the confinement in China and the increase announced for Wednesday in the Fed’s key rate have taken a back seat’, explains Kiplink who attributes the fault to Elon Musk ‘who is looking for investors for his takeover of Twitter’ .
European stock markets are showing resistance to the latest figures, which are nevertheless worrying on the inflation front, since industrial producer prices jumped 5.3% in March in the euro zone, after rising 1.1% in February. .
On the other hand, it should be noted that the unemployment rate in the euro zone fell by 0.1 point to 6.8% in March, and that the UK manufacturing PMI index was revised upwards to 55.8 in April, compared to 55.3 in the flash estimate and 55.2 in March.
‘The eurozone unemployment rate has fallen to a new record low, and with surveys showing an exceptionally tight labor market, wage growth is expected to accelerate this year,’ Capital Economics said.
On the value front, bp rose by more than 2% in London, despite a heavy loss in its first quarter, the energy company having suffered, like many groups in its sector, from its decision to leave the Russian market.
Among the other results publications of the day, the operators hardly reacted to those of Repsol and Deutsch Post-DHL, but they welcomed that of BNP Paribas (+3% in Paris) while they sanctioned that of Logitech (-3 % in Zürich).
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