Europe’s main stock index advanced this Friday (17), as falling government bond yields and positive economic data from China boosted confidence, keeping shares on track for their fourth consecutive weekly increase.
O STOXX 600 index it rose 0.7%, to 523.68 points, on track for a jump of more than 2% for the week.
Most STOXX subsectors were trading higher, with the automotive sector rising 1.8% while the construction and materials sector gained 1.6%.
The income of European titles declined, with the yield on the German 10-year bond falling for the third day in a row.
Risk appetite even received a boost after the and China reached the government’s target of 5% growth last year, even if in an unbalanced way.
European stocks advanced this week as global markets reacted to the slowdown in core consumer inflation in the United States, which kept bets on possible interest rate cuts by the Federal Reserve this year.
Positive results from Cartier owner Richemont on Thursday (17) spurred gains in the luxury sector, giving the broader index a lift this week.
Next Monday, Donald Trump’s inauguration as US president will be in the spotlight, with investors paying attention to new policies, including possible import tariffs.
“Is there an expectation that Trump will impose tariffs? Yes, it exists. It’s hard to say exactly what that entails,” said Ben Ritchie, head of developed markets equities at abrdn.
- In LONDON, the Financial Times index advanced 1.03%, to 8,478 points.
- In FRANKFURT, the DAX index rose 1.05%, to 20,872 points.
- In PARIS, the CAC-40 index gained 1.08%, at 7,716 points.
- In MILAN, the Ftse/Mib index rose 1.15%, to 36,230 points.
- In MADRID, the Ibex-35 index registered an increase of 0.70%, at 1,923 points.
- In LISBON, the PSI20 index rose 1.09%, to 6,564 points.
