The main europe stock exchanges trading closed profits this Thursday. The most important stock markets of the old continent advanced, with the Italian market leading these movements, on a day in which the performance of companies in the travel sector stood out after their sharp fall.
The FTSE MIB, from Milan Stock Exchange, stood out with an advance of 0.73%; followed by the German index DAX, of Frankfurt, with 0.65% per cent. The Ibex 35, from Madrid Stock Exchange, advanced 0.45% and CAC 40 in Paris rose 0.30 percent. The exception was the index FTSE 100 of the London Stock Exchange, which fell a slight -0.06 percent.
the pan-european Euro Stoxx 600 closed with a magisterial gain of 0.5%, overcoming an opening loss and extending the rally to a second consecutive session, while the Euro Stoxx 50, of the 50 largest companies by capitalization, advanced 0.73% with 33 stocks in green and 17 in red.
The travel sector was the best performer with an advance of 2.9%, as airline shares soared due to an optimistic opinion of the Irish company Ryanair on travel trends in 2022. Its papers ended the day with a strong gain of 4.2 percent.
The shares of Germany’s Deutsche Lufthansa closed the day with a gain of 4%, while those of Air France ended with a gain of 1.1 percent.
The actions of the airlines in the United States had a very bad Wednesday in the US market, because the deployment of 5G mobile technology caused a programming problem for several firms, generating flight cancellations, to which are added the problems due to the pandemic Covid-19.
European stocks generally benefited from a pullback in German bond yields, which dipped below 0% again, after a series of sharp gains at the start of this one. Utilities and technology stocks gained more than 1% on the back of that factor.