Investors are waiting for German economic data to be published later on Tuesday.
The Stoxx Europe 600 composite index of the region’s largest companies had risen nearly 1% to 433.12 points by 10:24 a.m. Ksk.
Germany’s DAX stock index rose 0.6%, France’s CAC 40 gained 0.45% and Britain’s FTSE 100 gained 1.55%. Italian FTSE MIB and Spanish IBEX 35 were up 0.4%.
Energy company Uniper and tour operator TUI were the leaders among Stoxx 600 components which rose in price by 12.2% and 6.1% respectively.
In addition, the value of securities of oil companies BP Plc, Shell and TotalEnergies increases by 3.9%, 4.5% and 1.2%, respectively.
In Germany, shares of Adidas (+2.4%), Siemens Energy (+1.4%) and BASF (+1.2%) rose in price.
In France, bank stock prices are rising, including Societe Generale (+1.5%), BNP Paribas (+1.5%) and Credit Agricole (+1.2%).
Changes in revenue of consolidated budget in 2014-2022 (%)
NBU
Tuesday the U.S. dollar is almost stable against the European currency and is declining against the yen.
The DXY index, which shows the U.S. dollar value against the six major world currencies, added 0.1% during the session. At the same time, indicator WSJ Dollar, which tracks the movement of the dollar against 16 currencies, dropped by a similar amount.
The euro was trading at $1.0664 against $1.0668 at the end of the previous session.
The value of the single European currency is now around 138.81 yen, compared to 139.46 yen on Monday. The dollar exchange rate is 130.18 yen against 130.74 yen at the end of the previous trading day.
The pound is trading at $1.2069 compared to $1.2048 on the previous trading day and the euro is at £0.8835 compared to £0.8856.
The euro gained 8.8 percent against the dollar in the fourth quarter of 2022, according to Dow Jones Market Data. This was the highest quarterly gain since 2010.
Meanwhile, the DXY index showed a 7.7% drop in October-December, the biggest decline in twelve years. That didn’t stop the indicator from ending 2022 on the plus side: it was up 7.9%, the highest gain since 2015.
Oil prices are declining amid fears of a downturn in the global economy and lower energy demand, Trading Economics reported.
This year will be tougher for the global economy than last year, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. “We expect a third of the world economy to be in recession,” she said in an interview with CBS.
March Brent crude futures on London’s ICE Futures exchange were priced at $85.51 a barrel at 7:00 ksk, down $0.4 (0.47%) from the previous session’s closing price.
The price of futures on WTI crude oil for February on electronic trade of the New York Mercantile Exchange (NYMEX) decreased by that time by $0.35 (0.44%) – to $79.91 per barrel.
By the end of 2022 Brent quotations went up by about 10%, WTI – by 7%.
Ukrainian President Volodymyr Zelenskyy has held the first telephone conversation of the new year with European Commission President Ursula von der Leyen, the president’s press service has said.
“The interlocutors discussed the expected results of the next Ukraine-EU summit, which will take place in Kiev on February 3 this year, and agreed to intensify the preparatory work,” the statement said.
Another stationary service center for citizens of Ukraine Passport Service opens on Friday in Gdansk (Poland), where it will be possible to issue passport documents.
According to the Interior Ministry website, the new center will be located at Gdansk, Aleja Grunwaldzka (Grunwaldzka Alley) 415, 80-309 and will operate from Monday to Saturday from 09:00 to 18:00.
Ukrainians can apply for the following services: simultaneous registration of a passport and an ID-card; issuance of a passport; issuing an ID-card; driver’s license exchange; insurance.
“Acceptance of applications for the issuance of passport documents is possible both by appointment (https://gdansk.pasport.org.ua/solutions/e-queue), and on a first-come, first-served basis. Payment is made directly on the spot, using the online payment for services. Only a smartphone and bank card details are needed for this procedure,” the ministry said.
According to the Interior Ministry, four separate divisions of the state-owned enterprise “Document” have been opened in Poland: in Warsaw, Krakow, Gdansk and Wroclaw. More than 100,000 Ukrainians have already applied for the necessary documents in these centers.
Next year, it is planned to open similar document processing centers in Germany, Spain, the Czech Republic, Slovakia and Turkey.
