European markets … strong gains amid investor optimism and positive results for companies

European markets witnessed a positive trading session today, as the results of strong companies and improved economic morale have prompted indicators to achieve varying gains, and these heights came supported by the optimism of investors regarding the continued economic recovery, especially in light of the stability of monetary policies and the increasing confidence in the performance of major companies.

Some indicators recorded record gains, as a result of profit reaping, which reflects the dynamics of the markets in light of global economic changes.

CAC 40 (France):

The French index increased by +1.50%, equivalent to 120.83 points, to 8,163.02 points, and this rise was driven by a strong performance of the luxury commodity sector and technology companies, amid optimism about the continued recovery of the French economy.

AEX (Netherlands):

The Dutch index recorded slight gains by 0.07%, equivalent to 0.70 points, to reach 943.31 points, and this stability reflects the state of caution in the market with the variation of the performance of the various sectors.

DAX (Germany):

The German index achieved a jump at a rate of +1.83%, equivalent to 406.22 points, to reach 22,548.93 points, and this strong performance was supported by gains in the technology and industry sectors, as major companies witnessed a rise in demand for their shares.

Ibex 35 (Spain):

The Spanish index increased by 0.45%, equivalent to 58.30 points, reaching 12,966.00 points, and this performance is attributed to the recovery of the banking and energy sector, in addition to increasing investor confidence in the Spanish economy recovery.

Euro Stoxx 50:

The index, which includes major European companies, achieved gains of +1.63%, equivalent to 88.00 points, to reach 5,493.65 points, and this rise reflects optimism in the performance of major companies, especially in the industrial and technology sectors.

SMI (Switzerland):

The Swiss index increased by +1.76%, equivalent to 223.92 points, reaching 12,921.20 points, and these gains were driven by strong performance of the banking and health care sectors, with an improvement in investor confidence in the market.

RTSI (Russia):

The Russian market index achieved strong gains by +9.77%, equivalent to 99.03 points, to reach 1,112.49 points, and this sharp rise is due to the recovery of oil prices and basic commodities, which strengthened the performance of companies related to these sectors.

MOEX Russia Index:

The other Russian index recorded great gains by +6.25%, equivalent to 189.12 points, to reach 3,214.75 points, and this rise reflects the confidence of investors in the stability of the Russian market despite economic challenges.

Psi (Portugal):

The Portugal index increased by +1.05%, equivalent to 68.62 points, to reach 6,596.67 points, and this rise was supported by a positive performance of the financial and consumer sector shares.

Future expectations:

Investors expect positive moves in European markets, where they are awaiting the upcoming inflation data and their potential impact on central banks ’policies, and geopolitical factors and global economic developments will continue to play a major role in determining market trends.