European stock exchanges without direction. Euro at five-year minimums. Loss Oil – Markets in a minute

European stock exchanges looking for direction

European stocks ended the day mixed, with gains and losses, but without significant fluctuations. This came in a session where investors were weighing robust quarterly earnings growth from major companies and weaker-than-expected economic data in China.

The Stoxx 600 closed up 0.4% to 433.35 points. Supporting the reference index were above all listed companies in the oil, real estate and utilities sectors (water, electricity, gas).

The listed companies in the technology and automotive sectors were among those that most penalized.

Among the main indices in Western Europe, the German Dax dropped 0.45%, the French CAC-40 dropped 0.23%, the Italian FTSEMIB dropped 0.06%, the British FTSE 100 rose 0.63% and the Spanish IBEX 35 jumped 0.19%. In Amsterdam, the AEX increased by 0.07%.

“Equities fell moderately in Europe on Monday, following mixed trading in Asia and after disappointing data from China affected market sentiment overnight. European benchmarks pared some of the gains recorded late last week, as prolonged decreasing leverages keep the trading environment unpredictable for investors”, underlines Pierre Veyret, technical analyst at ActivTrades, in his daily review.

“With sentiment weighed down by monetary tightening, weak growth prospects and geopolitical risks (especially following efforts by Finland and Sweden to join NATO), it remains very difficult for investors to identify where the bottom in equities will be. This week will likely remain volatile for riskier assets,” he adds.

“Investors will look to the G7 finance ministers’ meeting on Wednesday for guidance, as well as speeches by various Fed officials – in addition to EU and UK CPI data,” Veyret says.