The reference index in Europe in Europe has reached the highest level of all times on Monday, led by the roles of the energy sector, while the markets evaluate the notice of the President of the United States Donald Trump of new rates on all imports of steel and aluminum.
The Pan-European Index Stoxx 600 closed 0.58%to 545.92 points, with the oil and gas leader index of sectoral earnings with a 1.5%feed.
BP, listed in London, increased by 7.3%, its largest daily increase in more than two years, after a report stated that Elliott Investment Management had built a participation in the company, increasing the expectations that the activist will promote The changes in the strategy of Il Gigante in the energy sector.
The actions also helped the British index, which focuses on blue chips, to reach a record, while the highest prices of oil have further helped the energy sector. [O/R]
On Sunday, Trump said he should announce new rates of 25% on all steel and aluminum imports, together with other mutual rates on all countries this week.
The shares of the Arcelmottal steel manufacturer decreased by 0.6% and Voestalpine lost 1%. European steel mills represent about 15% of US imports.
“Our opinion on rates remains that they cause volatility, they are an instrument of negotiation and, in the end, it will not be as serious as it was feared. However, we see space for greater volatility in the coming weeks, with Europe probably being others The objective of rates, “said Mohit Kumar, Jefferies’ economist.
Christine Lagarde, president of the European Central Bank, said that commercial friction should make the prospects for inflation of the “more uncertain” euro area.
In London, the Financial Times index advanced 0.77%to 8,767.80 points.
In Frankfurt, the Dax index increased by 0.57%, to 21,911.74 points.
In Paris, the CAC-40 index gained 0.42%to 8,006.22 points.
In Milan, the FTSE/MIB index was appreciated by 0.50%, at 37,242.17 points.
In Madrid, the Ibex-35 index recorded an increase of 0.16%to 12,708.80 points.
In Lisbon, the PSI20 index was evaluated 0.83%, at 6,563.58 points.
Source: Terra
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