The main europe stock exchanges closed Wednesday’s negotiations with strong advances. The performances of the stock markets of the old continent were in line with what was observed in Wall Street, in a market that awaited the monetary policy announcement of the Federal Reserve.
Positive movements were led by the index FTSE BIVA, from the Italian stock exchange in Milan, with 2.27%; followed by german DAX, of the Frankfurt Stock Exchange, with 2.22 percent. On the Paris stock exchange, the CAC 40 gained 2.11%, and the Ibex 35 and the FTSE 100, from Madrid and London, moved 1.66% and 1.33 percent.
The results in London were lower than those of its peers after “in Great Britain, the survey of inflation expectations of the Bank of England increased its results to 4.8% in January, the highest number since its record began in 2006” , explained in a note the firm eToro.
After days of pressure from fears of excessive tightening by the US central bank, prices are rising, with that possibility apparently discounted. Lower risk aversion related to Russia and Ukraine also allowed stock markets to close decidedly higher.
The Euro Stoxx 50, which measures the shares of the 50 largest firms in the euro zone, gained 2.12%, with 46 of its components in green and only four in red. The advances to the interior were led by the French firm Airbus Group, with 5.43%; as well as by Adyen, with 4.90%, and Total, with 4 percent.
“What is expected is that the Fed marks the beginning of the rate hike for the month of March, as it would already be discounted by the markets. Additionally, it would detail its balance reduction process, selling the assets it has bought since the beginning of the pandemic,” added the firm eToro.
jose.rivera@eleconomista.mx
