European markets have witnessed a positive performance during today’s dealings, as the main indicators recorded strong gains with the support of investors optimism and increased confidence in the stability of the economy, and the German DAX index topped the list of winners with great gains, followed by Euro Stoxx 50 and CAC 40, amid the improvement of market morale and the high shares of leadership sectors, such as industry, energy and financial services.
These gains reflect the optimism of investors with the return of economic momentum in Europe, with the stability of inflation rates and expectations for improving the growth of gross domestic product, and the positive profit reports of some major companies have strengthened the demand for purchase, which contributed to the support of the markets, and the following is a detailed view of the performance of major European indicators during the session.
German DAX Index
He recorded a remarkable increase of 3.46% to 23,102.47 points, after reaching its highest level during the session at 23,182.83 points, and this rise came driven by strong gains in the industrial and technological sector, and positive economic data supported this rise, amid indications of improving demand in the manufacturing and services sectors.
Euro Stoxx 50
The Euro Stoxx 50 index achieved 1.85% to reach 5,497.05 points, after touching its highest levels at 5,533.65 points, and this rise came with a strong performance of the shares of energy companies and basic commodities, and the market also benefited from positive economic data that strengthened optimism about the future of the European economy.
CAC 40 French
He continued to rise to 8,173.75 points, achieving 1.56% gains after he recorded his highest level during the session at 8,245.24 points, and this rise came as a result of recovery of the financial sector shares, and the strong performance of the shares of luxury commodity companies contributed to supporting the index.
Ibex 35 Spanish
It increased by 1.43% to 13,211.84 points, after it reached its highest level at 13,348.99 points, and this positive performance came with the support of the high stocks of the banking sector, and the market benefited from the high rates of local consumption, which strengthened the demand for shares of major companies.
Swiss SMI
He scored 0.66% to 13,091.10 points, after reaching its highest level during the session at 13,163.60 points, and this rise was supported by the rise of shares of major health care companies, as it benefited from positive reports on the growth of the pharmaceutical sector, and strengthened the positive performance of the shares of consumer companies.
Moex Russia index
He continued his rise, registering 0.83% gains to 3,268.48 points, taking advantage of the strong rise in the shares of oil and gas companies, and local investment flows also supported the positive performance of the Russian market.
Portal psi
He achieved 0.49% gains to 6,733.34 points, with the support of the high shares of major companies in the real estate and communications sectors, and the market benefited from investors optimism about the economic performance of Portugal during the next quarter.
A future look at European markets
These altitudes reflect the improvement of investor confidence in the European markets, supported by positive indicators on the global economy and the stability of inflation rates, and with the continued liquidity flows to the markets, the outlook remains positive for the future performance of European indicators, with anticipation of new economic data that may affect the course of trading.
