The shares of pharmaceutical companies in particular helped European stock markets to rise at the beginning of the new trading week. Within the pan-European stock index, the pharmaceutical sector added nearly one percent.
Among the European stock exchanges, the markets in Frankfurt, Milan and Paris were the strongest performers. The main indices of the local floors appreciated around 0.2 percent. The Madrid stock exchange, on the other hand, wrote off about 0.2 percent. The pan-European Stoxx 600 index added nearly a quarter of a percent, helped by the pharmaceutical sector.
Statement by Susanna Steeter
The London Stock Exchange also rose slightly (by about 0.1 per cent), with its main index, the FTSE 100, swinging over 7,850 points and within sight of an all-time high of 7,903.5 points. “Investors seem to have fallen in love with UK assets again after the FTSE 100 index has had a fairly difficult period,” Susannah Streeter, investment and market analyst at Hargreaves Lansdown, told Reuters.
According to her, confidence is being restored after investors are watching the impact of covid easing in China. Streeter also pointed out that consumer appetite is not waning in many countries.