Europe mixed with comments from members of the European Central Bank and Federal Reserve
Major markets in the Old Continent are trading mixed, as investors assess the interest rate hike intentions expressed by members of the European Central Bank and the US Federal Reserve and await the release of inflation data in the Eurozone.
The benchmark Stoxx 600 index is trading at the waterline and rising slightly to 0.04% to settle at 419.96 points after yesterday’s six-week low. The most profitable sectors are technology, mining, automobiles and banking. Despite the gains, the index is on track for a monthly decline of around 4%.
“A strong recession is an out of the picture scenario as the labor market continues,” Diego Fernandez, analyst at A&G Banca Privada explains to Bloomberg. “Statistics in the United States to be released on Friday will show whether [mercado] It’s still going strong,” he highlights.
Among the major indices in Western Europe, Germany’s Dax and Britain’s FTSE 100 were down 0.12%, France’s CAC-40 lost 0.4% and Spain’s IBEX 35 lost 0.48%.
On the gain side, Amsterdam’s AEX is up 0.24% and Italy’s FTSEMIB is up 0.27%. So is the Portuguese PSI which is 0.17%.
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