The UK stock exchanges are closed due to the funeral of Queen Elizabeth II.
Investors this week will actively follow the meetings of the world’s largest central banks. The US Federal Reserve System (FRS) will announce the rate change decision on Wednesday, the Bank of Japan and the Bank of England – on Thursday. Most experts believe that the US and British regulators will again raise key rates to combat inflation that has been beating many years of records.
In addition, it is expected that meetings of the central banks of Switzerland, Sweden, Turkey and China will take place. The People’s Bank of China will announce the rate on loans to first class borrowers (LPR) for one year and five years on Tuesday.
The composite index of the largest enterprises in Europe Stoxx Europe 600 by 11:55 a.m. CST fell by 0.5%, to 406.34 points.
The French CAC 40 fell 0.9%, the German DAX – 0.4%. The Italian FTSE MIB fell 0.7%, while the Spanish IBEX 35 fell 0.2%.
Stock quotes of the automotive concern Volkswagen AG are growing by 1.2%. The company announced it could raise up to 9.39 billion euros in a listing of preferential shares in luxury sports car maker Porsche. In addition, VW signed an agreement with Porsche Automobil Holding SE to transfer 25% of the common (voting) shares. The capitalization of Porsche Automobil in the course of trading is growing by 3.1%.
Leading losses among Stoxx 600 components include Norwegian solar energy producer Scatec ASA (-7.6%), Sweden’s Orron Energy AB (-6.6%), operating in the field of renewable energy, and Norwegian gas station owner Aker BP ASA (-5.9%).
Among the leaders of the rise are the shares of the Polish video game developer CD Projekt S.A. (+4%) and the German manufacturer of military equipment Rheinmetall AG (+3.2%).
