(CercleFinance.com) – After ending the first session of the week in disorganized order, the European stock markets are gaining ground together on Tuesday, with gains of +1.1% in London and +0.9% in Frankfurt in particular. , and +1.4% in Paris.
“European markets are up as China deconfines more quickly than expected and eases measures”, explains Kiplink, adding that the markets will be attentive to the confidence of the American consumer, this afternoon.
‘According to Morgan Stanley strategists, European stocks have not yet factored in the risk of recession despite low valuation levels’, however, reports the management company in its morning update.
“They see equity markets as trending down two to three weeks before earnings forecasts start to be revised down and expect the lowering of those forecasts to start in the third quarter,” he continues. .
In stock news, Equinor rose 3% after the Norwegian energy group announced its intention to buy the electricity company Triton Power for a total of 341 million pounds, together with SSE Thermal.
Ericsson fell nearly 1% on the OMX, the Scandinavian telecoms equipment manufacturer aiming to finalize its project to acquire Vonage before the end of July, a finalization which was initially expected in the first half.
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