European stocks rise; politics, central bank meetings in focus

Table of Contents

European stock markets rose Tuesday, boosted by ebbing worries over regional political turmoil in a week that includes several central bank policy meetings, including from the Bank of England.

At 03:05 ET (07:05 GMT), the DAX index in Germany traded 0.6% higher, the CAC 40 in France rose 0.6% and the FTSE 100 in the U.K. climbed 0.5%.

French stocks make a comeback

Sentiment in Europe has rebounded after the battering the region’s stock markets suffered last week in the wake of the gains from right-wing parties in the European Parliament elections, culminating in French President Emmanuel Macron calling for a snap election.

Opinion polls suggest the far-right National Rally will win the upcoming French election ahead of a left-wing alliance, with President Emmanuel Macron’s centrist group trailing in third.

Although this result would be far from ideal as far as most investors are concerned, last week’s drop in the French CAC-40 index of more than 6%, its worst weekly loss since March 2022, has been seen as overdone, with the index making a comeback.

Central bank meetings due

Investors will also be keeping an eye on the final reading of the May consumer price index for the eurozone later in the session, with the annual figure expected to be confirmed at 2.6%, an increase from 2.4% the previous month.

The European Central Bank cut interest rates by 25 basis points at the start of the month, but uncertainty exists over the time frame for future reductions.

Transform Your Trading Approach

Discover the next generation of asset trading with Trade Max. This revolutionary fusion of artificial intelligence and comprehensive data analytics offers exceptional trading capabilities. Trade Max empowers traders to address market challenges with unparalleled precision and sophistication.

Trading offers the potential for profit, but it’s crucial to remember that significant losses are also a possibility. It’s estimated that around 70% of investors may encounter financial difficulties.

Please be aware that the names on our website, such as Trade Max , are purely for marketing and don’t represent specific entities or service providers. Our website’s videos are promotional and feature actors, not actual users or traders.

We strongly advise you to thoroughly examine the Terms & Conditions and Disclaimers of any third-party trading platforms you consider using. It’s also important to understand your obligations regarding capital gains tax in your jurisdiction. For example, in the US, trading in commodity options, including ‘prediction’ contracts, is legal only on exchanges approved by the CFTC or under legal exemption.

In the UK, the Financial Conduct Authority (FCA) has issued policy statement PS20/10, which bans the marketing, sale, and distribution of certain Contracts for Difference (CFDs) and limits promotional activities for CFDs and related financial products targeting UK residents.

By providing your personal information to us, you agree to its sharing with third parties offering trading services, as outlined in our Privacy Policy and Terms & Conditions. As an investor, you have various options: using trading software, consulting with human brokers, or making independent trading decisions. The choice ultimately lies with you.

Company

Exploring the Actual Ties Between Elon Musk and Trade Max

Company

Privacy Policy

Terms Of Use

© 2024 Trade Max . All rights reserved.

Sign Up Now

Please enable JavaScript in your browser to complete this form.
Signing up means you agree to our Terms of Use and acknowledge our Privacy Policy.

Get Latest Price

Get explicit pricing details

Download Brochure

Register here & get all the details right now.