STOXX 600 Index Rises on Strong Gains in Travel and Entertainment Sectors, US Inflation Data Awaited

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The European STOXX 600 index rose on Monday, led by strong gains in the travel and entertainment sectors, and expectations for the release of key inflation data in the United States this week and a series of economic data. from the euro area.
On the other hand, the Japanese Nikkei index closed lower, with traders becoming more cautious ahead of the announcement of corporate results, while the increase in Japanese government bond yields affected confidence.
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The European Stoxx 600 index rose 0.1 percent. The index reached an unprecedented level on Friday, registering the biggest weekly gain since the end of January, at 3 percent, thanks to a group of strong business results that were published.
Markets are awaiting the release of US inflation data, including producer and consumer price indexes, on Tuesday and Wednesday, and the release of final euro zone inflation data and first quarter GDP data. later in the week to gauge expectations about the route. monetary policy in the world.
The travel and entertainment sectors recorded the highest gains among sectors, while the construction and raw materials sub-index recorded the worst performance.
Maersk Shipping Group shares jumped 8.1 percent to top the STOXX 600 index when trading resumed two days later.
Italian medical diagnostics group Diasorin rose 2.3 percent, recording a second session gain after announcing first-quarter profits on Friday.
Shares in German consumer electronics company Cinomy rose 4 percent after announcing better-than-expected full-year profits
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While the Nikkei index fell 0.13 percent to close at 38,179.46 points, after falling below the level of 38,000 points for the first time since May 2, earlier in the session.
The broader Topix index fell 0.15 percent to 2,724.08 points.
Mitsui Fudosan shares fell 5.39 percent after annual net profit expectations fell short of market expectations. Mitsubishi Estate shares fell 4.11 percent.
The real estate sector lost 3.26 percent, becoming the worst performer among the 33 sub-indexes on the Tokyo Stock Exchange.
Chip-making equipment maker Tokyo Electron fell 1.03 percent, becoming the biggest loser in the Nikkei index.
Among the gainers, Olympus shares jumped 9.65 percent after the medical equipment maker announced it would quadruple its annual operating profits and announced a buyback.
Honda Motor shares gained 1.12 percent after the automaker said it will buy up to 3.7 percent of its shares for 300 billion yen ($1.93 billion).
Of the 225 stocks listed on the Nikkei index, 87 rose and 136 fell, and two stocks stood.
. (Reuters)