(RTTNews) – European stock markets shook the initial inconsistency to end on Monday, taking advantage of positive sentiment after the People’s Bank of China injected liquidity into the monetary formula for lenders to manage long-term sales of government bonds.
A slight uptick in crude oil added to optimism as markets broke a two-day loss streak.
Germany’s DAX added 19.32 points, or 0.15%, to 12920.66, while London’s FTSE rose 37.40 points, or 0.61%, to 6,127.44 and France’s CAC 40 rose 9.01 points, or 0.18%, to 4,971.94.
In Germany, Wirecard fell by 10.98%, while Deutsche Lufthansa collapsed by 3.71%, Infineon Technologies up 3.47%, thyssenkrupp rose 2.76%, Deutsche Bank fell 1 Deutsche Telekom skated by 1.21%, Deutsche Post rose 1.06%, Heidelberg Cement rose 0.50% and Siemens and Daimler up 0.17%.
In France, Accor fell 3.72%, while Sanofi rose 1.23%, Veolia Environnement gave up 1.18%, Crédit Agricole skated 1.09%, BNP Paribas fell 1.00%, Carrefour sank by 0.51%, Peugeot and Societe Generale lost 0.50% and Compagnie de Saint-Gobain increased by 0.33%.
In economic news, the Bundesbank said Monday that the German economy is expected to grow at a steady rate in the third quarter after a record drop in the current quarter due to the effect of coronavirus containment measures, but the grades are expected to rise. remain well below the pre-crisis point for some time.
Expanding the value of space in the UK accelerated in August as more distributors and buyers entered the market in a quiet summer in a different way consistent with the past, the Online Assets page Rightmove said Monday. The value of the houses rose 4.6, consistent with cents per year in August, faster than the 3.7 consistent with the accumulation of pennies in July.
British families’ belief about monetary well-being deteriorated in August, the latest IHS Markit poll showed Monday. The family finance index fell to 40.8 in August from 41.5 in July. The outlook also remained firmly below 50 neutral points.