Main European markets close with gains

FRANKFURT, Germany.— The main European markets closed this Tuesday with gains, among which the advance of the Frankfurt Stock Exchange stands out, whose main indicator, the DAX 40, which rose 0.67%, while the euro fell to 1.0829 dollars.

The euro falls to 1.0829 dollars

The euro fell this Tuesday to $1.0829 following durable goods orders in the United States advanced 1.4% in February compared to the previous month.

The single currency was exchanged at 1.0829 dollars around 16:00 GMT this Tuesday, compared to the 1.0837 dollars it reached during the last hours of trading yesterday, while the European Central Bank (ECB) has set the exchange rate at 1.0855 dollars .

The single currency has been exchanged today in a fluctuation band between 1.0827 and 1.0863 dollars.

The DAX 40 rises 0.67%

The main index of the Frankfurt Stock Exchange, the DAX 40, rose 0.67% this Tuesday to almost 18,400 points and marked its highest consecutive closing rate, following the consumption indicator continued its recovery in March.

The DAX 40 closed the session at 18,384.35 points, while the TecDAX technology index advanced 0.74% to 3,449.35 points.

During the session, the Society for Consumer Research (GfK) and the Nuremberg Institute for Market Decisions (NIM) confirmed that the consumption indicator slowly continued its recovery in March.

Specifically, this indicator improved for the second consecutive time and rose slightly by 1.4 points, from negative 28.8 this month to negative 27.4 points in the April forecast.

According to the institutions, economic and income expectations increased slightly, while purchasing propensity remained almost unchanged at a low level.

By company, the day has been led by the arms company Rheinmetall, which has advanced 2.72%; followed by the real estate company Vonovia, with 2.08%; and the pharmaceutical company Bayer, which has risen 1.77%.

At the opposite extreme were the provider of molecular diagnostic technologies Qiagen, which fell 1.99%, while the chemicals Symrise and Covestro fell 1.65% and 1.48%, respectively.

The CAC-40 closes with a rise of 0.41%

The main index of the Paris Stock Exchange, the CAC-40, closed with a rise of 0.41%, despite concerns regarding French public finances, which, as announced by the national statistics institute, ended in 2023 with a deficit of 5.5% of GDP.

The main indicator of the Parisian market closed at 8,184.75 points, with 27 values ​​rising, two unchanged and 11 falling.

The gains were led by the luxury group Kering, which grew 3.15% following chaining a decline of almost 16% in the last sessions, followed by the bank BNP Paribas (2.91%) and the car manufacturer Renault (2.65%).

Values ​​such as the automobile manufacturer Stellantins, which fell 2.10%, and luxury companies such as Hermès and LVMH, with declines of 0.67% and 0.45%, respectively, avoided greater gains.

The Spanish stock market rises 0.36%

The Spanish stock market rose 0.36% and was once once more on the verge of 11,000 points, which it did manage to touch during the session, and stood at May 2017 levels in its sixth consecutive positive session, with Wall Street and the rest of the large European squares also in green.

The IBEX 35, the main Spanish selective, rose 39.3 points, that is, 0.36%, to 10,991.5 integers and for the year it has accumulated an increase of 8.8%.

The Spanish Stock Market began with rebounds that led it to touch 11,000 points, although it subsequently deflated to trade below this level and close with that increase of 0.36% a day in which various data on the economic situation were published, but no determining factor. for the direction of the stock markets.

Among the large values, Telefónica rose 1.83%; Santander, 1.05%; Iberdrola, 0.48% and Repsol, 0.42%. On the contrary, BBVA fell 0.14% and Inditex repeated its listing.

The London Stock Exchange rises 0.17%

The London Stock Exchange closed with broad gains, gaining 0.17%, driven by retail sector groups.

The main index, the FTSE-100 (‘Footsie’), advanced 13.39 points to 7,930.96 points, while the secondary index, FTSE-250, gained 164.11 points, 0.84%, to 19,777.64 units.

Today’s winners included British multinational retailer Kingfisher, which rose 3.76%, followed by online supermarket chain Marks & Spencer, which posted gains of 3.58%.

The sports group JD Sports Fashion also advanced at the end of the session, adding 3.22%, as well as the online supermarket chain Ocado, which advanced 3.20%.

On the other hand, the Auto Trader Group group ended the session in negative territory, with 4.69% less, followed by Beazley, which lost 2.20% at the close, and the mining company Rio Tinto, which registered losses of 1.87%.

Fresnillo also closed in the red, with 1.64% less, and Experian, which fell 1.60%.

The Milan Stock Exchange gains 0.14%

The Milan Stock Exchange closed higher and its selective index FTSE MIB advanced 0.14%, reaching 34,688.17 points, awaiting the inflation data in Italy expected on Friday.

For its part, the general FTSE Italia All-Share index grew by 0.16%, up to 36,888.79 integers.

Milan followed the progress of European markets supported by optimism regarding a possible rate cut in June in both Europe and the United States and awaiting inflation data from France and Italy, scheduled for Friday.

During the session, almost 820 million shares changed hands for a value of 2,652 million euros.

On this day, the best of the selective was the energy company Saipem, which added 4.66%, followed by the banking securities Bper Banca, which gained 2.82%, and Bca Pop Sondrio, which added 2.67%, and the fashion brand Brunello Cucinelli, with 2.66% more.

The worst of the selection were Stellantis, which lost 2.12% following the company and the metallurgical unions of Turin signed an agreement for the voluntary and incentivized departure of 1,520 workers, out of a total of approximately 12,000 employees.

Hera, which fell 1.45%, Recordati, which fell 1.15%, and the electric company Terna, which lost 0.62%, were also in negative territory.

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