Stock indices of Western European countries do not show a single dynamics during trading on Monday.
The composite index of the largest companies in the region Stoxx Europe 600 by 11:27 Moscow time fell by 0.11% and amounted to 389.98 points.
The British stock index FTSE 100 rose by 0.06%, while the German DAX by 0.26%, the French CAC 40 – by 0.33%. The Italian FTSE MIB was up 1.26%, while the Spanish IBEX 35 was down 0.35%.
Concerns about the state of the global economy are intensifying against the backdrop of persistently high inflation and aggressive measures by the largest central banks to contain it, writes CNBC.
The focus is on the elections in Italy.
The Democratic Party of Italy admitted defeat in early parliamentary elections held on Sunday, media reported.
After the announcement of the official results of processing 10% of the ballots in the elections, a coalition of four right-wing parties is in the lead with 44% of the vote. The best results for the party “Brothers of Italy”. This means that its leader, George Meloni, in the event that the center-right comes to power, may become the new Italian prime minister.
Democratic Vice Chair Deborah Serracchiani conceded defeat and said the Democrats were moving into opposition.
The pressure on the market is also exerted by the ongoing geopolitical tensions in connection with the ongoing referendums in a number of regions of Ukraine on joining Russia.
Meanwhile, the level of business confidence in the German economy in September fell to 84.3 points from 88.6 points in August, according to a report by the IFO research organization. The indicator is at a minimum since May 2020 and turned out to be worse than analysts’ forecast at the level of 87 points, writes Trading Economics.
Shares of the British financial company Virgin Money UK PLC are among the leaders of the fall among the components of the Stoxx Europe 600 index, losing 6.7%.
Meanwhile, the papers of the German Uniper SE, which add 23.2%, turned out to be the growth leaders.
Shares of the Swiss HVAC maker rose 8.4% as Berenberg experts improved the company’s stock recommendation and raised its price target.
