European indexes ended trading session with slight increase

Noam Stiekema

The European markets still experiencing the positive effects of the promises of Mario Draghi as action against inflation, given at the end of last week. On Friday, the European indexes recorded strong growth after the European Central Bank (ECB) announced the start of the program to stimulate the European economy, China’s central bank unexpectedly cut […]

Trade session

Trade sessionThe European markets still experiencing the positive effects of the promises of Mario Draghi as action against inflation, given at the end of last week. On Friday, the European indexes recorded strong growth after the European Central Bank (ECB) announced the start of the program to stimulate the European economy, China’s central bank unexpectedly cut interest rates in the country. Today the changes are more limited – Stoxx Europe 600 rose by 0.14% to a level of 345.71 points, in the early hours of trade index increase in value by half percent.

Banks, part of the index, were among the big winners today. Shares of Societe Generale rose by just over 2% to a price of 38.80 euros per share. Growth in the shares of Banco Santander was 2.5%.

The main index of the Frankfurt Stock Exchange DAX 30 index increased by 0.54% to 9,85.54 points. Underlying growth is the data for the increase in business climate index prepared by Ifo, in November to a value of 104.7 points to 103.2 points in October. The result was better than market expectations and sparked excitement among traders.

The French CAC 40 rose with 0.49% to 4,368.44 points. One of the main indices of the London Stock Exchange – FTSE 100, however, ended on red territory the first session of the new week. The value of the index heavy trading in shares of Petrofac. The price fell by 26.4% to a level of 877.50 pence after the company revised its profit forecast this year. Mining companies also erased gains from Friday when the price of metals rose. Today, shares of Anglo American fell with 1.88%, while Rio Tinto lost 2.15% from its market capitalization during the trading session.

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