European markets started the week well as investors assessed the economic outlook and the possibility of additional monetary policy tightening by the US Federal Reserve.
The pan-European Stoxx 600 index ended 0.9% higher, with most sectors and major bourses closing in the green. Household products led the way with a 2% rise, while oil and gas equities fell 0.2%.
The Federal Reserve’s future will be determined by consumer price index data announced Tuesday, as well as a slew of economic data from Europe and Japan.
EUROPEAN MARKETS
| Stocks Sign | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
|
.FTSE
|
FTSE 100 | 7947.6 | 65.15 | 0.83 |
|
.GDAXI
|
DAX | 15397.34 | 89.36 | 0.58 |
|
.FCHI
|
CAC 40 Index | 7208.59 | 78.86 | 1.11 |
|
.FTMIB
|
FTSE MIB | 27438.61 | 170.44 | 0.63 |
|
.IBEX
|
IBEX 35 Idx | 9210.3 | 92.9 | 1.02 |
The Stoxx 600 index fell 1% on Friday as preliminary fourth-quarter GDP results from the United Kingdom indicated the economy barely averted recession, as expected.
US equities were also up in morning trade, powered by technology, as traders attempted to find their footing after the S&P 500′s and Nasdaq Composite′s worst weekly performances in nearly two months.
However, Asia-Pacific equities fell as investors anticipated a week of critical economic data releases.
