The red tide invades Europe. The PSI-20 is the index that loses the most
Europe was invaded by a red tide, before the meeting of the European Central Bank (ECB).
The Stoxx 600, “benchmark” par excellence of the old continent, fell 0.92% to 430.44 points. Of the twenty sectors that make up the index, none is outdone, with the automotive (-2.54%) and banking (-2.16%) sectors being the most pressing.
In the remaining European markets, the domestic PSI-20 leads the losses, with more than 2%, more precisely 2.11%, under pressure mainly from the 6% decline of Jerónimo Martins, while the Spanish IBEX plunged 0.86%, the German DAX fell 1.75% and the French CAC 40 fell 1.96%.
In turn, Amsterdam slipped 0.35%, while London slipped 0.74% and Milan fell 1.85%.
Among the major moves in European stocks, Hugo Boss bonds stand out, which fell 5.4% after the brand reported a profit estimate for this year that fell below analysts’ forecasts.
The French company Eurazeo is the listed company that stands out in terms of results, with a surge of 7.6% after the investment company revealed a 42% increase in its assets under management.
During the day, investors will be watching the ECB meeting, to understand the impact of Russia’s invasion of Ukraine, as well as US inflation figures that could provide clues. on the decisions that could arise from the meeting of the American Reserve. Federal (Fed) expected in the week.
The market will always keep an eye on the negotiations between Kiev and the Kremlin in Turkey.