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- Major European stock indices trading in positive territory
Major European stock indices trading in positive territory
Stock indices of the majority of Western European countries are rising, getting support from rising expectations of a Fed interest rates hike, and positive macroeconomic data from the eurozone. Donald Trump's speech in Congress also has a positive impact on the dynamics of trading, but investors have not received the expected detailed plan of tax reform and fiscal stimulus. Donald Trump only promised to spend $ 1 trillion on infrastructure.
As for the data, manufacturing activity in the euro area rose in February to 55.4 points from 55.2 points in January.
The manufacturing PMI in Germany rose to a record 56.8 points from 56.4 points. British PMI in the manufacturing sector fell to 54.6 points from 55.7 points a month earlier, however, the index remains above the value of 50, indicating the expansion of the sector.
The market value of Societe Generale increased by 3,2%, Royal Bank of Scotland up 2,5%, Barclays +1,5%, Credit Suisse +3.5%.
Shares of British exporters rose on the background of a weaker pound.
Burberry Group shares rose 0,9%, British American Tobacco up 0,6%, Imperial Brands up 0.6%.
At the moment:
FTSE 100 7,327.38 +63.94 + 0.88%
CAC 40 4,927.79 +69.21 + 1.42%
Xetra DAX 11,999.38 +164.97 + 1.39%
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