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Europe records the largest series of records this century. Eurozone interest falls before the Fed – markets in a minute

Ursula Curtis by Ursula Curtis
June 16, 2021
in Economy
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Europe records the largest series of records this century.  Eurozone interest falls before the Fed – markets in a minute
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European stocks are on their way to a new record

European squares are showing signs of a new record set in the Wednesday session, heading towards what could be the ninth consecutive session of gains. European stock exchanges this Tuesday posted gains for the eighth consecutive session, the longest streak on record since 1999.

Today, investors are still awaiting the conclusion of the US Federal Reserve meeting, from which some clues about monetary policy may emerge.

The Stoxx 600, the standard in Europe, is trading slightly higher, advancing 0.07%. The rise in European markets was driven by the travel and oil and gas sectors, with gains of 0.59% and 0.56%, respectively. The automotive, technology and telecom sectors are declining in value in the session.

Among the major indices, the German DAX and the Spanish IBEX35 contrast with the positive trend of European markets, dropping by 0.26% and 0.05%, respectively. The English FTSE 100 is trading higher, rising 0.13%, while the French CAC40 is up 0.04%.

The PSI-20, the main national stock index, rose 0.23%, with companies listed in the EDP Group leading the gains.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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