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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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