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European stock indexes are growing on two factors


June, 28 2023
watermark Economic news

According to trading data, European stock indexes are showing growth on Wednesday. There is a general tendency of traders to take risks, and investors evaluate corporate news.


In particular, the British FTSE 100 index rose 0.5% to 7,498.45 points, the French CAC 40 rose 0.74% to 7,269.33 points, the German DAX increased 0.71% to 15,959.04 points.


In general, investors are more risk-averse. The US stock exchanges on Tuesday ended trading with an increase of about 1.65%, Asian stock indexes on Wednesday closed with mixed dynamics, but the indices of Australia and Japan rose by 1.1% and 2%, respectively.


Corporate news also affects the dynamics of the stock market. Shares of the British developer Sage Group rose 4.7% after JP Morgan analysts upgraded the stock's rating from «neutral» to «above market». Vodafone shares also rose, by 1.6% after Exane analysts upgraded the rating to «neutral».


Meanwhile, weak macro statistics from Germany did not have a significant negative impact on trading. According to German Gfk, consumer confidence in the country's economy unexpectedly fell to -25.4 points in July from the revised June value of -24.4 points. The forecast assumed an increase to -23 points after the initial June level of -24.2 points.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.