Posted on October 18, 2022 The European stock markets closed with significant gains yesterday, encouraged by Wall Street, which was able to recover from Friday’s correction and the change in fiscal policy in the United Kingdom. The rising day in Europe was also supported by expectations that inflation could be close to its ceiling. The Ibex 35 led the advances with its biggest rise in two weeks (+2.37%), closing close to 7,600 points and the Euro Stoxx 50 gained 1.77%, to 3,441 points. The main Asian stock markets also rose today, in China the delay in the publication of key macro data such as the GDP for the third quarter was reported, without specifying a date for it. At the same time in Japan, the finance minister said he was ready to take “appropriate steps” after the yen touched 149 per dollar, a new low in 32 years. In Europe, all sectors advanced led by real estate, followed by travel and leisure and banking. In the Euro Stoxx 50, Adyen was the biggest gainer after adding 6.54%, followed by Vonovia and Prosus, with gains of 5.25% and 4.40% respectively. Only Ahold Delhaize closed in red, with a slight fall of 0.22%. The Spanish stock market has led the increases in Europe at the beginning of a week in which we will know the results on the Ibex in sectors such as banking. The sectors with the highest gains were consumer services, telecommunications, chemicals and oil. In the Ibex 35 strong rise in the IAG (+5.91%), Cellnex (+4.20%) or Merlin Properties (+3.92%). Siemens Gamesa was the only value that closed in negative, with a fall of 0.08%. Wall Street closed higher on Monday, boosted by the technology, consumer services and industrials sectors. The Dow Jones rose 1.86%, the S&P 500 gained 2.65% and the NASDAQ advanced 3.43%. INFORMATIONTitle Change of direction in the stock markets, openings with benefits Description European stock markets closed with significant gains yesterday, encouraged by Wall Street, which was able to recover from Friday’s correction and the change in fiscal policy in the United Kingdom. Author GLOBALCAJA
Change of course in the bags, openings with benefits
