European stock markets are rising

Posted 07 February, 2022

The main stock indexes in Europe on Monday are growing in anticipation of the publication of a number of financial reports of European companies, according to trading data.

As of 09.39 (GMT +2), the British FTSE 100 is growing by 0.09%, reaching 7515.5 points, the French CAC 40 - by 0.13%, to 6960.48 points, the German DAX index - by 0.2%, to 15122, 74 points.

On Monday, European stock markets show positive dynamics ahead of the publication of financial results of such companies as Equinor, Maersk, Metro AG, Societe Generale, TotalEnergies. The financial results will help form an assessment of the impact of the coronavirus pandemic on the state of the economy.

 

In addition, investors expect statistics on inflation in the US, which may affect the mood in global markets. Analysts predict an acceleration of annual inflation in January to 7.3% from 7% a month earlier.

"As we look ahead to the coming week, inflation expectations for the US economy are likely to face a new challenge after the release of the US CPI for January on Thursday, which is expected to rise. Today's opening of Europe looks positive," the Wall commented. Street Journal CMC analyst Michael Hewson.

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