Stock indices of Western European countries do not show a single dynamics during trading on Monday.
Investors are evaluating the latest batch of statistics.
The composite index of the largest companies in the region Stoxx Europe 600 by 13:00 Moscow time fell by 0.03% and amounted to 410.64 points.
The British stock index FTSE 100 rose by 0.18%, the German DAX – by 0.06%, the Italian FTSE MIB – by 0.17%. Meanwhile, the French CAC 40 fell by 0.22%, the Spanish IBEX 35 – by 0.11%.
Retail sales in Germany in September rose by 0.9% compared to the previous month, according to the country’s Federal Statistical Agency (Destatis).
Analysts polled by Trading Economics had expected a 0.3% decline in retail sales last month.
Meanwhile, consumer prices in the eurozone rose 10.7% year-on-year in October, according to preliminary data from the European Union Statistics Office. Thus, inflation accelerated compared to 9.9% in September and again updated the maximum since the beginning of the calculations.
Analysts polled by Trading Economics had expected a less significant increase of 10.2%.
The economies of the 19 eurozone countries grew by 0.2% in the third quarter compared to the previous three months, according to preliminary data from the European Union Statistics Office. In annual terms, the eurozone GDP increased by 2.1%.
The dynamics of both indicators coincided with analysts’ expectations, according to Trading Economics.
Italy’s GDP rose 0.5% qoq in the third quarter, official statistics show. Growth slowed down compared to the previous quarter, when the rise was 1.1%. Meanwhile, the figure exceeded the expectations of analysts who did not expect changes in GDP, according to Trading Economics.
The Swiss National Bank (SNB, the country’s central bank) reported a large loss in the first nine months of this year amid rising franc and rising interest rates, which led to the depreciation of the bank’s investments in gold, foreign currencies and financial markets. Meanwhile, the bank’s shares are up 2.9%.
Shares of Credit Suisse Group AG strengthened by 4.2%. The Swiss bank has unveiled details of a $4 billion share offering plan.
Italian UniCredit SpA stock quotes are up 2.2%. The bank improved its net interest income forecast for 2022.
The biggest drop among Stoxx 600 components is German power generation company Verbund AG, which shed 4.5%.
Meanwhile, the growth leaders are the shares of the French manufacturer of pharmaceuticals Orpea S.A., which add 18.7%.
