The European stock markets regained positive momentum after the extended Easter weekend.
Provisionally, the pan-European Stoxx 600 index closed 0.6% higher, with the majority of sectors and main bourses finishing in the green.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
.FTSE | FTSE 100 | 7785.72 | 44.16 | 0.57 |
.GDAXI | DAX | 15655.17 | 57.28 | 0.37 |
.FCHI | CAC 40 Index | 7390.28 | 65.53 | 0.89 |
.FTMIB | FTSE MIB | 27525.51 | 311.65 | 1.15 |
.IBEX | IBEX 35 Idx | 9237.7 | -74.6 | -0.8 |
Despite recent indications of weakness from the Chinese and American industries, mining equities led gains with a 3.6% increase, with Rio Tinto up 5%. In Toronto, Glencore’s CEO met with Teck Resources’s shareholders to garner support for a proposed acquisition.
The automobile industry followed with a 1.8% increase, while construction equities gained 1.5%. The food and beverage sector declined 0.3%.
After three consecutive sessions of marginal losses last week, the market closed higher on Thursday.
Friday’s non-farm payrolls report was roughly in line with expectations, and investors are now anticipating the release of U.S. inflation data on Wednesday.
JPMorgan, Wells Fargo, and Citigroup are also anticipated to release earnings data later this week.
The majority of Asia-Pacific stocks rose on Tuesday after the Bank of Korea maintained interest rates at 3.5 percent, as anticipated.
As investors awaited the release of economic data later this week, U.S. equities remained relatively unchanged through Tuesday morning.
