Most European stock markets closed higher; The markets attract humor in New York

The dollar works less compared to most currencies

European stocks closed mostly higher on Tuesday, 19. With the domestic calendar emptied, the major indices of the old continent worked near stability, before bolstered by the good mood in New York regarding the season for corporate balance sheets in the United States, which on Tuesday again had better results Than expected of the major companies in the country. As a result, the European Stoxx 600 Index closed 0.33% higher at 468.58 points.

Johnson & Johnson reported higher-than-expected earnings in the third quarter, the company reported this morning. Another highlight of the day is that Procter & Gamble also beat its net profit forecast for the first fiscal quarter, which ended in September. Later, the balances of United Airlines and Netflix were released.

Across specific sectors, energy companies advanced to some of the biggest gains of the day in European indices.

In Milan, the FTSE MIB index rose 0.25% on Tuesday to 26,332.99 points, and Enel stock rose 2.53%.

In the DAX, on the Frankfurt Stock Exchange, Siemens Energy advanced by 1.31% and contributed to the index’s rise by 0.27% at 15,515.83 points.

In Paris, Engie’s stock rose 1.88%. But the advance was not enough to stop the CAC 40’s 0.05% drop to 6,669.85 points. Finally, in IBEX 35 in Madrid, which rose 0.67% to 8,996.30 points, gains were concentrated in shares of renewable energy companies such as Solaris (+5.36%) and Siemens Gamesa (+2.80).

In London, miners alternated between heavy losses and gains on Tuesday. One of the positive highlights was Fresnillo, which rose by 2.85%, in addition to Polymetal which rose by 2.08%. On the other hand, Glencore accumulated a 2.99% loss. The worst performer was the FTSE 100 in London – which closed 0.19% higher, at 7,217.53 points – however, was the IAG (-5.78%), as investors remain concerned about a new wave of infections in the UK. affect the demand for travel.

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Among the European Central Bank (ECB) officials, Fabio Panetta on Tuesday warned of the potential risks associated with the use of digital currencies issued by BCs (CBDC, its English acronym) by foreigners. On the other hand, Frank Elderson highlighted the role of the Central Bank of Brazil in integrating the climate agenda into its operations.

Europe’s energy crisis is also on investors’ radar. According to a report from BloombergRussia has indicated that it will release more natural gas to the region only if the start of Nord Stream 2 pipeline operations is approved.

Finally, among the European indices, the PSI 20 index, on the Lisbon Stock Exchange, closed at the highest level in the day, up 0.92%, at 5,670.98 points.

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About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

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