empty
09.01.2023 05:14 PM
European markets advance on Monday

Major Western European indexes have advanced on Monday amid increased risk appetite among investors, who continued to analyze positive data from Germany and other EU countries. The stock market was also supported by news from the US and China. Commodity stocks led the upside at the beginning of the week.

This image is no longer relevant

The STOXX Europe 600 gained 0.45% and reached 446.44 points.

The CAC 40 edged up by 0.06%, the DAX increased by 0.29%, and the FTSE 100 rose by 0.2% to a three-year high. Indexes advanced following reports that China has reopened its borders, sparking hopes among investors that the world's second-largest economy will quickly recover.

Biggest gainers and losers

Shares of British video game developer Frontier Developments plummeted by 42.4% after analysts downgraded the company's financial outlook for 2023.

German pharmaceutical and chemical corporation Bayer AG increased by 0.5%.

The market capitalization of the British video games publisher Devolver Digital declined by 9.4%. The day before, the company reported lower than expected sale volumes for December. Its performance for the second half of fiscal year 2022 also fell short of market forecasts.

Share price of German construction materials company HeidelbergCement rose by 1.4%.

Vodafone Group fell by 1.1%. On Monday, the company's management announced plans to sell its Hungarian unit Vodafone Hungary for €1.7 billion to 4iG Public Ltd. and Corvinus Zrt. The deal is set to be finalized by the end of January 2023. Vodafone plans to use the funds received to reduce its debts.

Shares of pharmaceutical giant AstraZeneca Plc fell 0.9% following reports that it bought US-based CinCor Pharma Inc. for $1.3 billion.

On Monday, the sub-index of mining companies on the FTSE 100 rose by 1.4% thanks to higher crude oil prices amid increased demand in China. Subsequently, the market capitalization of British mining company Anglo American Plc jumped by 1.3%, while Chile's Antofagasta and Switzerland's Glencore gained 2.3% and 1.9%, respectively. Meanwhile, shares British Petroleum and Shell rose by 1.1% and 1%, respectively.

Market sentiment

On Monday, European traders analyzed economic statistics from various EU countries. This morning, Destatis reported that industrial production in the country surpassed forecasts. Germany's industrial production rose by 0.2% in November m/m, while analysts had expected an increase of 0.1%.

In November, German manufacturing output rose 0.5%, while intermediate goods output climbed by 1.2%. Capital goods output increased by 0.7% and consumer goods output dropped by 1.5%. Electricity generation jumped 3%, while construction fell by 2.2%.

Meanwhile, unemployment in 19 EU countries remained unchanged in November at 6.5%.

According to a recent key report from the US Labor Department, job growth and wage growth in the US slowed down in December 2022. Thus, average hourly pay in the private sector increased by 0.3% month-on-month and by 4.6% year-over-year. Analysts had projected increases of 0.4% and 5%, respectively.

Meanwhile, nonfarm payrolls rose by 200,000 in December after a 263,000 increase in November.

The latest data from the US Labor Department will help investors predict the Federal Reserve's future monetary policy stance.

On Monday, European investors continued to discuss news regarding China's easing of its extremely strict quarantine restrictions. As of January 8, the Chinese government opened its borders with Hong Kong and also cancelled a mandatory quarantine for travelers arriving from abroad. At the same time, a negative coronavirus test will be required to enter the country.

In addition, Beijing authorities had previously reduced its infection monitoring level, rejecting the legal basis for the introduction of enhanced quarantine measures.

In response, some countries have tightened requirements for visitors from China. For example, the US has introduced mandatory testing for those arriving by air from China, beginning on January 5.

Traders around the world have been seriously concerned about China's "Covid Zero" policy, as Chinese restrictions have had a negative impact on the economic activity and stock markets.

At the end of November, mass protests erupted in Shanghai against strict quarantine measures of local authorities. The protesters were dispersed by local police using gas canisters.

Markets became hopeful that mass protests in Chinese cities would force local authorities to ease restrictions across the country. The latest news from China was welcomed as a positive signal that the world's second-largest economy could once again grow strongly in the future.

Friday's trading session

On Friday, major Western European stock indexes closed in positive territory following the release of macroeconomic data for the region. Commodity sector stocks led the upside.

The STOXX Europe 600 went up by 1.16% to 444.42 points. Over the past week, the index gained 3.4% in its best performance since late autumn 2022.

The CAC 40 gained 1.47%, the DAX rose by 1.2%, and the FTSE 100 increased by 0.87%.

Shares of Shell Plc added 1.1%. Earlier, the company announced that its profit in the liquefied natural gas sector increased significantly in the fourth quarter of fiscal year 2022.

Norwegian hydrogen producer NEL ASA jumped by 8.1%.

The market capitalization of Electrolux AB increased 5.2%.

Swedish clothing chain Hennes & Mauritz AB gained 5% on Friday.

Shares of Swedish entertainment company Viaplay Group AB fell by 5.3%.

European automobile concern Stellantis NV grew by 1.2% as its CEO Carlos Tavares announced that the company planned to cut the number of manufacturing facilities in the future as part of cost-cutting measures.

The market capitalization of British mining company Anglo American Plc jumped by 5.7%.

The share price of Uniper SE, a German energy company, dropped by 5.8%.

French video games developer Ubisoft Entertainment SA decreased by 4.3%.

On Friday, European traders analyzed the latest data from EU countries. The previous evening, Eurostat released the flash eurozone CPI data for December. So, consumer prices in the eurozone rose by 9.2% year-over-year, the lowest recorded increase in four months. Experts predicted inflation to slow down to 9.7% from November's 10.1%.

Furthermore, traders noted retail sales in eurozone countries in November, which rose by 0.8% compared with the previous month. Analysts expected an increase of 0.5% after a 1.8% decline in October.

According to Destatis, retail sales in Germany went up by 1.1% in November m/m. Experts expected the index to increase by 1%.

According to the data by the German Ministry of Economy, industrial orders fell by 5.3% m/m in November, reaching the lowest level since autumn 2021 and greatly exceeding the forecasted 0.5% decrease.

Meanwhile, the National Statistical Office of France Insee reported that consumer spending grew by 0.5% m/m in November. It fell short of the predicted 1.1% increase.

Irina Maksimova,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

3月20日美國市場新聞摘要

雖然S&P 500顯示出樂觀情緒,但自3月14日以來的增長更被看作是一次調整。如果價格穩定在5,769以上,則向5,881-5,910目標範圍前進的可能性更大。

Ekaterina Kiseleva 11:26 2025-03-20 UTC+2

黃金熱賣:每盎司突破3,057美元,指數也上升

美國股市指數週三上漲,此前美聯儲作出預期決定,維持基準利率不變,這是在評估特朗普總統的關稅政策對經濟和通脹的影響之際作出的。 美聯儲將隔夜利率保持在4.25%-4.50%的區間,維持先前宣佈的全年兩次降低四分之一個百分點的預測。

Thomas Frank 10:26 2025-03-20 UTC+2

3月19日美國市場新聞摘要

本應開始歡慶其年度開發者大會的Nvidia,卻見其股價下跌。而Tesla則因Elon Musk最近的動作而依然震盪,RBC更調低了該公司的目標價格,給其帶來了打擊。

Natalia Andreeva 10:52 2025-03-19 UTC+2

市場恐慌:納斯達克暴跌1.71%,黃金刷新歷史高位

科技股下跌,而黃金攀升至新高紀錄 在年度軟體開發者大會開始之際,Nvidia 股價下跌。RBC 下調了其股票的目標價後,Tesla 股價下跌。

09:35 2025-03-19 UTC+2

市場恐慌:納斯達克指數重挫1.71%,黃金創歷史新高

美國股市週二收低,結束了兩天的反彈。投資者選擇採取觀望態度,等待聯邦儲備局即將公佈的貨幣政策決定及川普政府貿易策略的可能影響。

Thomas Frank 06:48 2025-03-19 UTC+2

3月18日美國市場新聞摘要

二月份的數據顯示美國零售銷售增長了0.2%,表明消費者活動強勁。然而,三月份紐約的製造業活動下降,指出了局部經濟的疲弱。

Ekaterina Kiseleva 13:51 2025-03-18 UTC+2

歐元/美元暫停漲勢,因標普500預測惡化——如何尋求平衡?

全球市場目前正在努力尋求主要貨幣對和股票工具的平衡。鑑於近期歐元走低及美元疲軟,這尤其具有挑戰性。

Larisa Kolesnikova 07:52 2025-03-18 UTC+2

全球市場動態:中國、美國和人工智慧驅動新趨勢

美國股市在週一開盤大幅上漲,持續從四週的損失中恢復。週一,主要指數顯示出正面的動能,投資者尋找在較低價格買入的機會。

05:16 2025-03-18 UTC+2

全球市場動態:中國、美國與人工智慧引領新趨勢

美國股市本週初錄得穩健增長,繼續從四週的下跌中恢復。週一,主要指數呈現出積極的走勢,投資者熱衷於利用廉價買入的機會。

Thomas Frank 04:59 2025-03-18 UTC+2

3月17日美國市場新聞摘要

美國市場週五上漲:S&P 500指數上漲2.1%,納斯達克綜合指數上升2.6% 美國股市在本週結束時取得亮眼表現,仿佛最近的動蕩從未發生。標普500指數上漲2.1%,至5638點,而納斯達克指數上漲2.6%,道瓊斯指數則上漲1.7%(674點),從近期的虧損中恢復。

Natalia Andreeva 14:04 2025-03-17 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.