According to trading data on Friday, European stock indexes are growing by more than 1% amid the general propensity of traders to take risks. In particular, the British FTSE 100 index rose by 0.95% to 7,561.1 points, the French CAC 40 – by 1.30% to 7,230.48 points, the German DAX – by 1.15% to 16,037.68 points. Traders have increased their interest in risk after the news from the US on the government debt limit. On the eve of the Senate passed a bill to raise the national debt ceiling, before that the document was approved by the House of Representatives by a majority vote. Now the initiative will be signed by US President Joe Biden. Such news weakened the probability of default, which is positive for riskier assets. Additional support for the European stock market was provided by the growth of commodity prices: the price of oil increased by 1.53% (to $75.80 per barrel), copper – by 1.9% (to $3.7888). As a result, the shares of the mining and energy sectors of the region rose in price: Glencore securities rose in price by 3.6%, Anglo American – by 5.7%, ArcelorMittal rose by 4.6%. In addition, BP shares are also growing in price (by 2.3%), Eni – by 2.1%, TotalEnergies – by 2.3%.
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