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European stock exchanges are not stopping the race. After the two sessions prior to Christmas on the strong rise, European stocks have started to rise again. If possible with greater decision.
In the first session of the week, the markets of the Old Continent were able to take advantage of two and a half news items. Here is the analysis of the Studio di ProiezionidiBorsa on the most outstanding events of today.
Paris and Frankfurt stand out
Sitting in dust by the European price lists. The stock exchanges that registered the greatest advances were the German and the French. Piazza Affari closed with a gain of 0.7%. The Ftse Eb (INDEX: FTSEMIB), ended at 22,288 points, held back all day by resistance at 22,400 points.
European stock exchanges were able to take advantage of two and a half news
Today the European stock markets have been able to take advantage of two and a half news items. The first news is that of the start of vaccinations throughout Europe. Yesterday the campaign began in all European countries with the first thousands of immunized people.
About this, there is a curiosity that helps to understand how the markets move. As previously written, the German and French stock exchanges outperformed the other European stocks. The Dax gained 1.5% while Paris rose 1.2%. Madrid gained 0.5% and London 0.1%.
More vaccines for Germany and France push both lists
Well, yesterday a controversy broke out about the distribution of vaccines. Word spread that Germany and France had far more vaccines than Italy, Spain and other smaller countries, in proportion to the population. This is surely not the case, but certainly the operators seem to have believed it.
The other news concerns the agreement between the EU and the UK. Just before the Christmas holidays, Europe and Britain agreed on a regulated exit of the UK from the EU. An agreement that would appear to favor the European Union at the expense of London.
In particular, Britain would have been disadvantaged in the fisheries sector, in which British and French interests were opposed. It is no coincidence that the city gained only 0.1% compared to 1.2% for the French stock market.
A cocktail of drugs against Covid 19 does not push London
The media news, which could have helped the London Stock Exchange, appears to have had little effect. In the UK, experimentation has started with a cocktail of drugs capable of immunizing against Covid 19 immediately and for 6-12 months.
But we are only in the testing stage, which could take a long time to validate. The operators do not seem to have given too much weight to the novelty.
Deepening
This is the pluridiary analysis and the point on international markets of the Department of Studies of ProiezionidiBorsa.
