Despite the ominous numbers released yesterday showing soaring eurozone inflation and slowing growth, most European stock markets were upbeat and optimistic. Investors seem to be reacting positively to both these two alarming figures and the doubling of euro interest rates adopted by the ECB last week. Thus, the London FTSE 100 index closed with a slight increase of 0.66%, while the Frankfurt Xetra DAX closed slightly on a positive note with an increase of 0.08%, and the Milan FTSE MIB with an increase of 0.54%. The exception in yesterday’s session was the Paris CAC 40 index, which closed with a slight decrease of 0.1%.

The Xetra DAX in Frankfurt closed marginally positive, up 0.08%.

Meanwhile, the collective decline in tech giants’ stocks continues, with shares of Meta, the parent company of popular social networking site Facebook, hitting their lowest level in 52 weeks, shedding 4.2%. The value of its shares is already 25% lower than on October 24, when the reporting week of the companies began. While her earnings were satisfactory, she fell short of Wall Street’s expectations. At the same time, Microsoft shares fell 1.8% yesterday and are 4.9% below where they opened on October 24th. His earnings beat expectations, but investors were disappointed when he reported lower-than-expected earnings from cloud services. Shares of Alphabet, the parent company of Google, also fell 2.3% and 7.6% below the level at which they started the week of results. Eventually, he announced that he would continue to cut staff to limit losses from falling stocks and costs. The same picture is shown by the giant Amazon, whose shares fell 2.2% yesterday and were 15.6% below the value of October 24. Although the company reported double-digit growth in the third quarter, its revenue fell short of expectations. After all, the company warned that fourth-quarter revenue is expected to be lower than it originally forecast. Finally, software giant Apple fell 1.8% despite reporting much higher earnings than other tech giants. Its shares are down 3.7% compared to Oct. 24.