Europe has returned to the red zone under pressure from the East
European stocks traded mixed this Tuesday, with markets continuing to be surprised by the Bank of Japan’s decision, Which did not raise interest rates, but doubled the “yield” limits on ten-year debt, from 0.25% to 0.5% – a step towards the normalization of monetary policy.
The Stoxx 600 benchmark in Western Europe fell 0.4% to 424.18 points, after falling more than 1%. The real estate sector was among the sectors most exposed to sanctions, as it lost more than 2%, as well as the automotive, technology and financial services sector, which lost more than 1%.
As for the banking sector, which increased by more than 1%, as well as the oil and gas sector and the mining sector.
“The issue is that central banks are still very hawkish, and certainly the decisions that they make take investors by surprise,” Mahfeesh Ayoub, an analyst with State Street Global Advisors, told Bloomberg.
“It’s an uncertain environment, with a lot of volatility going around and stocks still under pressure,” he adds.
In European markets, the Amsterdam-based AEX lost 0.49%, the German DAX lost 0.42%, and the French CAC-40 lost 0.35%. On the earnings front, Spain’s IBEX 35 rose 0.59%, Italy’s FTSE MIB rose 0.15%, and Britain’s FTSE 100 rose 0.13%.
“Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja.”
More Stories
The OECD revises its estimate for economic growth in Portugal to 1.6%.
“There is a lot of capital that can be invested, but the licensing issue needs to be solved,” says the CEO of Vanguard Real Estate.
BBVA is offering one new share for every 4.83 shares held in Sabadell