European markets started the week positively, with high-tech stocks buoyed by optimism that the eurozone economy would avoid a sharp recession, but this optimism was overshadowed by hawkish statements from the European Central Bank. borrowings. Yesterday, the pan-European STOXX 600 ended the session up 0.52%, while in London the FTSE 100 closed up 0.18%, the DAX in Frankfurt up 0.46%, the CAC 40 in Paris up 0.52%, the FTSE MIB in London by 0.18%. Milan and 0.29% IBEX in Madrid. Especially yesterday, the high-tech sector showed growth of 2.3%, following the same course of its US bonds and thanks to the strengthening of semiconductor companies ASML Holding and Infineon Technologies. The pan-European STOXX 600 reached a 9-month high last week as Europe’s winter is mild, energy consumption has fallen and China is backing away from extreme coronavirus policies. The combination of these factors contributed to positive thoughts about the prospects for the European economy.

“Restarting China is vital. Now it looks like we can avoid a recession, and if we don’t, it’s likely to be a modest downturn rather than something worse – a lot of that has to do with China’s momentum,” said James Hart, chief investment officer at Vitan Investment Trust. “Having avoided a recession, demand for goods such as German cars will not be as negative as we feared, while the companies in question are big customers in the semiconductor industry.” Shares of China-linked groups such as luxury and fashion makers such as LVMH and Kering rose 0.8% to 1.7% yesterday, while share prices of vulnerable eurozone banks rose 0% in terms of interest rates. ,8%. Finally, two European Central Bank officials, Klaas Nott and Peter Casimir, have openly advocated two more interest rate hikes of 50 basis points each, despite signs of declining inflation.