The calm has returned to the European stock exchanges. The squares of the Old Continent ended the second session of the week up, with gains around one percentage point. Only Piazza Affari struggled to close up and the day was not brilliant for a specific reason.
However, two news has pushed the prices of the European stock exchanges. Let’s find out in the analysis of the Study Office of Projections of Bag.
Two positive news put European stock exchanges back on track
Let’s start with the closure of Piazza Affari. The Ftse Mib index (INDEX:FTSEMIB), closed up 0.2% at 22,099 points. A figure lower than the average of the European stock exchanges. The Euro Stoxx 50 gained over 1.1%, the German Dax was up 0.8%. London and Paris did better with increases of 1.9% and 1.1% respectively.
To push the European stock exchanges, was the unemployment figure in Germany, which fell, surprising all operators. This result has injected confidence into the markets for a stronger and faster economic recovery.
But it was above all another fact that put the charge to the equity markets of the Old Continent, the new Wall Street record.
Piazza Affari struggled to close up and the day was not brilliant for a specific reason
The US stock market, after a few days of uncertainty, has started the week again at a beat with the indexes that have set new records. And this news gave a further shock to the European stock exchanges.
In Europe, today, Piazza Affari was the worst. Not even the record opening of the US Stock Exchange has shaken the prices of the Ftse Mib index. What has held back the Milanese list?
Once again a banking affair. The farewell of Mustier, CEO of Unicredit, triggered sales on the title. Prices have plunged 8% returning below 8 euros. Just a week ago they were launched towards 9.5 euros.
On the other hand, the rest of the banking sector did well. Intesa gained 2.7%, Banco BPM 1.4%. BPER Banca also rose.
Deepening
This multidays analysis and analysis of international markets by the ProiezionidiBorsa Research Department
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