European stock markets closed higher this Monday (11), interrupting a sequence of losses, while investors await local and United States inflation data.
London’s FTSE 100 closed up 0.65%, at 8,125.19 points, after falling around 1.28% last week. The CAC 40, in Paris, gained 1.20%, closing at 7,426.88 points.
Last week, it fell 0.95%. The DAX, a benchmark in Frankfurt, rose 1.22%, to 19,450.84 points, following a 0.26% decline last week. Quotes are preliminary.
Among individual shares, Saab rose 3.78% in Stockholm, after Brazil signed a letter of intent with Sweden, over the weekend, to buy more Saab Gripen fighter jets.
In London, NatWest shares rose 3.70%, after the UK government announced a reduction in its stake in the banking institution. NatWest bought back around 1 billion pounds ($1.29 billion) of its shares from the British government in its second buyback this year.
For AJ Bell analyst Russ Mould, the decision is positive for assets.
“Although NatWest is still subject to obstacles arising from banking sector regulation, having a broader shareholder base is seen as a positive from an investment perspective,” he noted.
In Frankfurt, Hannover Re rose 3.06%, after the reinsurer raised projections for the year following the release of results. In the first nine months of the year, the company made a profit of 1.8 billion euros. The projection for the year was raised to net profit of around 2.3 billion euros.
For JPMorgan, the forecast increase shows the company’s underlying strength at a time when its peers are seeing expectations cut due to catastrophic losses.
On other exchanges, the Ibex 35, in Madrid, rose 0.36%, to 11,593.30.60 points. The FTSE MIB, in Milan, closed up 1.56%, at 34,343.83 points. The PSI 20, in Lisbon, rose 0.51%, to 6,420.48 points. Quotes are preliminary.
*With information from Dow Jones Newswires
