Stocks in Europe posted gains in today's trading. For instance, the STOXX Europe 600 composite indicator of the region added 0.66%, the German DAX increased by 2.15% and the French CAC 40 gained 0.73%. Spanish indicator IBEX 35 rose by 1.58%, Italian FTSE MIB added 1.42% and British FTSE 100 was unchanged as against Friday's closing level.
Russo-Ukrainian conflict remains the focus of investors' attention. However, the world community is hopeful that the situation will be resolved soon, as the Russian president has announced that there are signs of progress in the negotiations with the Ukraine.
Recent German statistical data also contributed to the positive investor sentiment. For example, Volkswagen, one of the largest automotive corporations, released its excellent year-to-date results, increasing revenues by 75%, which led to a 5.35% rise in the company's share price.
The US Federal Reserve and the UK Central Bank have meetings scheduled for this week. According to analysts' forecasts, the Fed will finally decide to increase the interest rate by 25 points. According to experts, a similar decision will subsequently be supported by the British Central Bank.
Among the components of the STOXX Europe 600 composite indicator, Polymetal International PLC gained the most, adding 14.45%, Porsche Automobil Holding SE Pfd increased by 5.9% and Deutsche Bank AG jumped by 5.5%.
Italia SpA has announced a major forthcoming deal with US company KKR & Co. Inc. for €10.8bn with the sale of Telecom Italia. KKR & Co. Inc. made an offer back in November 2021. The news sent Italia SpA's shares up 9%.
