The European stock market continues to remain in strong condition, and the region has registered robust economic growth. The DAX index in Germany rose by 0.5%, the FTSE 100 in the UK managed to rise by 0.6% and the CAC 40 in France managed to climb by 0.6%. The positive tone of the last week has been retained as the economic conditions in the USA continue to remain stable. The European Central Bank is taking all necessary steps to ensure that the markets are achieving their goals. Other factors such as inflation have to also be taken into consideration while preparing the policies.
The United States, eurozone economies are in a strong position, and this encourages investors to proceed forward. The industrial production in the Eurozone has been rising. The investors are also monitoring the new fiscal plan of the UK government. The Informa (LON: INF) stock managed to grow by 6.6% and S4 Capital (LON: SFOR) stock also managed to climb 4.8%. Informa is now expecting an adjusted operating profit for the year within 490 million pounds to 505 million pounds, which is much higher than the previous expectation. Rheinmetall (ETR: RHMG) also managed to climb 2.8%. The noted German military equipment manufacturer has agreed that it will acquire Spanish ammunition maker Expal Systems.
The oil prices continue to edge higher due to economic conditions. The US crude futures traded 0.4 higher, and it was at $89.31 a barrel. Similarly, the Brent contract registered growth of 0.4%, and it was standing at $96.41. The energy prices are also affected by the Ukraine and Russia war that has been fought for several months. Russia is facing many types of sanctions and tight supply of oil is likely to increase its price. The gold futures were at $1,764.40/oz. France has occupied the top position as the leading European stock market. It is for the first time in almost nineteen years that Paris has managed to overtake London. The combined value of British shares is around $2.821 trillion, but France has more worth that stands at $2.823 trillion. The French economy has been doing well for quite some time. It is important to note that the French stock market has received a major boost from the luxury goods makers. Hermes was up by 37% and the shares of LVMH that owns fashion brand Louis Vuitton also managed to grow by 22%.
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