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European stocks remain strong

European equities closed higher on Monday as investors have so far evaded growth and inflation concerns and responded positively to M & A news and data showing improvements in German. work Emotions.

According to data from the Ifo Institute for Economic Research, Germany’s Corporate Environment Index rose from 91.9 points in April to 93.0 points in May.

The Pan-European STOXX 600 rose 1.26%. The UK’s FTSE 100 was up 1.67%, the German DAX was up 1.38%, the French CAC 40 was up 1.17% and the Swiss SMI was up 1.39%.

Above all market Europe, Austria, Finland, Iceland, Ireland, the Netherlands, Norway, Poland, Portugal, Spain and Sweden closed with sharp to moderate rises.

Belgium and Turkey ended at slightly higher prices. The Czech Republic, Denmark and Russia closed weakly, while Greece remained flat.

In the UK market, Royal Mail, M & G, ICP, Aviva, Vodafone Group, ITV, Ocado Group, Anglo American Plc, Barclays, Natwest Group, Glencore, ABRDN and Phoenix Group Holdings increased by 3 to 5.3%.

Coca-Cola HBC, 3I Group, Melrose Industries, BP, Land Securities, Legal & General, Standard Chartered, Airtel Africa, Burberry Group, Schrodders, SHELL, HSBC Holdings, Lloyds Banking and Rio Tinto rose 2-3%.

Kingfisher made more than 2% profit after repeating the profit forecast for 22/23.

Intertek Group fell nearly 4%. Both Harbor Energy and Seguro have risen by just over 1%.

In the French market, ArcelorMittal, Crédit Agricole and Societe Generale rose 3.6-4%. Unibail-Rodamco, Pernod Ricard, Saint-Gobain, L’Oreal, Engie, Thales, Worldline, Air France-KLM, Atos, Air Liquide and Capgemini have also risen significantly.

BNP Paribas fell by more than 4%. Vinci and Publicis Groupe reduced by about 1% and 0.8%, respectively.

In Germany, Siemens GAMESA’s shares increased by more than 6% after Siemens Energy offered to buy all of the outstanding shares of renewable energy companies for € 4.06 billion.

Deutsche Bank has recovered more than 6%. Brenntag, Covestro, Linde, Deutsche Wohnen, Merck, Allianz, BASF, Vonovia, Volkswagen, HeidelbergCement, Deutsche Post, Daimler, Siemens, Puma, Sartorius and Qiagen increased by 1-2.3%.

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European stocks remain strong

Source link European stocks remain strong

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