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.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
