Posted on November 2, 2022 European stock markets have started the month of November on the rise despite doubts at the opening of Wall Street, before the possible rate hike by the FED. The Euro Stoxx 50 advanced 0.93% to 3,651 points, while the Ibex 35 closed with a rise of 0.53%, to 7,999 points. After a better-than-expected earnings season, optimism is seen in European equities, although the possibility of the Euro Zone entering a recession remains a concern. Yesterday’s session saw progress in the main luxury companies, after rumors of lifting restrictions in China. Important rises also in the mining sector and oil and gas values. The Ibex 35 was at the gates of 8,000 points, being surpassed at some moments of the day. The main sectors that boosted the Spanish selective were consumer goods, financial services, chemicals, oil and plastic. Grifols led the increases with an advance of 3.51%, followed by Pharma Mar (+3.07%) and Banco Sabadell (+2.29%). Fluidra (-2.04%), Cellnex (-0.88%) and Laboratorios Rovi (-0.74%) finished at the bottom.
Stocks reinforce last week’s gains
