European stock markets closed mixed this Wednesday (8) after cooling gains in the final stage of trading.
Business even positively echoed the speech by Federal Reserve (Fed) chairman Jerome Powell yesterday, but had difficulty sustaining momentum, given the caution on Wall Street.
The DAX index, in Frankfurt, closed up 0.60%, at 15,412.05 points. The CAC 40, in Paris, fell 0.18%, to 7,119.83 points, and the FTSE MIB, in Milan, advanced 0.15%, to 27,160.73 points.
In Madrid, the Ibex 35 index rose 0.67% to 9,233.80 points. Finally, on the Lisbon Stock Exchange, the PSI 20 dropped 0.34% to 5,903.45 points. Quotes are preliminary.
In London, the FTSE 100 rose 0.26% to 7,885.17 points. At the maximum of the day, the index renewed its historical intraday record, at 7,934.30 points.
For AJ Bell, the movement in the British market was influenced by Powell’s speech, which “calmed down” investors, still eyeing the strong result of the employment report (payroll) last week.
“For now, positive sentiment has allowed the FTSE 100 to reach new sunny plateaus, reaching a new all-time high,” said AJ Bell chief investment officer Russ Mould.
According to analysis by Natixis, even with persistent core inflation in the euro zone and with frequent demonstrations that the ECB will raise interest rates again by 50 basis points (bp), the market seems to be listening to “selective information” .
Earlier, the director of the European Central Bank (ECB), Klaas Knoot, spoke at an event that inflation in the region seems to have reached its peak.
Among the highlights of the companies is TotalEnergies, which released a balance sheet today and, despite having joined the group of oil companies with record profits in 2022, had a drop of almost 2% on the Paris Stock Exchange.
With protests against the pension reform proposed by the country’s president, Emmanuel Macron, France has been registering several strikes, including in the energy sector.
Also part of the group of the French oil company in terms of profits, Equinor was up more than 7.5% on the London Stock Exchange.
Société Générale, on the other hand, announced that it made less profit in the fourth quarter of 2022 compared to the same period of 2021, in a balance sheet published today. The bank’s shares fell nearly 5% in Paris.
Source: CNN Brasil
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
