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European investors are waiting

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European investors are waiting

Nervousness flared up again in most European markets yesterday after a volatile session as investors turned their attention to the minutes of the latest Fed meeting due tomorrow. Meanwhile, data released yesterday show production in the EU construction sector. decreased by 2% in December and by 8% in Germany in particular. The news, however, did not affect the market, as shares of construction companies and building materials companies closed up 0.3%. During the day, changes in consumer confidence in the Eurozone were released, showing an improvement to -19.0 points, but remaining below its long-term average.

Their attention is riveted to the minutes of the last meeting of the Fed, which will be published tomorrow.

The pan-European EuroStoxx 600 index fluctuated during the session from a slight decline to a slight increase and eventually closed with a slight increase of 0.1%. The pan-European index changed mainly against US and Asian stocks. Thus, last week it rose, despite a small retreat on Friday. This is largely due to the improvement in the health of the eurozone economy, which continues to look better and better, as well as some business results that have exceeded market expectations. Last week, the index reached its highest level in a year, while the London FTSE 100 and the Paris CAC 40 reached their highest levels in a week. The London FTSE 100 closed yesterday with a slight gain of 0.12%, while the Frankfurt Xetra DAX was in the red with a minimal loss of 0.03%. As for CAC 40, it recorded a slight decrease of 0.16%. Similarly, the Milanese FTSE MIB index ended slightly down 0.55%. In the black of the day were shares of mining companies, while the sectoral index closed at 2.4%. In contrast, technology stocks fell 0.6%, as did shares in home improvement companies, which also fell 0.5%.

Author: REUTERS, BLOOMBERG

Source: Kathimerini

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