Stoxx 600 in green with premium media and technology
The Stoxx 600 Index, which includes the 600 largest indices listed on the old continent, is trading in positive territory, up 0.17% to 490.10 points.
European investors are still waiting for the Eurozone inflation data, which will be released this morning.
At this time, companies related to the media and technology sector were highlighted among the gains, with a value of 0.49% and 0.47%, respectively.
Curbing the biggest gain is the fall of the tourism sector, which currently generates more than 1%.
Poland’s InPost, which provides lockers for parcel delivery, is leading the decline in the Stoxx 600. The company is offering more than 12%, in response to a downward revision of “expectations” for the rest of the year. According to the company, more modest growth in e-commerce is now expected.
Siemens Healthineers is leading gains in the Stoxx 600, up more than 5% after announcing the strategy to 2025.
The PSI-20 is leading gains at this time among the major European markets, gaining 0.39%. While most European stock exchanges are in positive territory, albeit with slight gains, the British index fell 0.19%, on a day when rising inflation exceeded analysts’ estimates, and reached its highest level in ten years. The Spanish index is also in the red, down 0.13%.
On the earnings front, the German DAX rose 0.17%, the French CAC 40 rose 0.1%, the Amsterdam stock index rose 0.11%, and the Italian index rose 0.28%.
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.