France Stock Market Index (FR40)

The CAC 40 closed 28 points or 0.5% higher at 6,386 on Friday, extending gains to late 2000 levels, and advanced 1.8% from last week, on a strong earnings season. Credit Agricole net profit surged 64% to €1.05 billion during the first quarter, largely surpassing expectations of €729 million, underpinned by trading activities and a … Read more

Spain Stock Market Index (ES35)

The IBEX 35 closed above 9,000 for the first time since February 2020 and finished the week almost 3% higher, as investors piled into economically sensitive stocks amid signals for a robust economic recovery. On the earnings front, Spain’s fast-expanding telecoms provider Cellnex said core earnings rose 47% to €381 million, underpinned by a 41% … Read more

Italy Stock Market (FTSE MIB)

The FTSE MIB closed 159 points or 0.7% higher at 23,098 on Wednesday after a bumpy session and in line with its European peers, as concerns over rising bond yields were eased by yesterday’s dovish remarks from Fed Chair Powell. Meanwhile, shares of Telecom Italia jumped 9.2% on better than expected Q4 results and improved … Read more

South Africa Stock Market

The FTSE/JSE All Share Index in South Africa closed 0.4% higher at 66,201 on Wednesday, lifted by financials and retailers after the South African Finance Minister revised downwards its budget deficit and debt forecasts for the 2020/21 fiscal year and projected a smaller contraction in 2020 than what it previously estimated in October. Mboweni disclosed … Read more

Germany DAX 30 Stock Market Index

European stock markets closed higher on Wednesday, with Frankfurt’s Dax up almost 1% to 14,000 after Fed Chair Powell reiterated a commitment to the accommodative policy stance during his semiannual testimony before Congress. Sentiment was also lifted after latest data showed the German economy expanded 0.3% in Q4, much better than initial estimates of a … Read more