Investing.com - European stock indexes on Tuesday rose until investors weighed the growth of corporate income, further promoting the package of incentives in the United States and the disappointing growth of the Japan economy.
At 04:05 East time (09:05 Greenwich), the DAX index in Germany was traded by 0.1% higher, CAC 40 in France rose by 0.1%, and the FTSE index of the UK is 0.2%.
The European stock market on Tuesday was trying to continue the rally, which began on Monday, when economic news from Japan turned out to be disappointing, since the country's economy in October-December grew at a slower pace than originally reported, an increase of only 2.8% per quarter compared with growth before 3.0%. Further sharp drop in Chinese indices Despite the intervention of state funds to maintain prices also spoiled the mood.
If we talk again about Europe, then the head of the Bank of England Andrew Bailey said on Monday that the risks for the Great Britain are still inclined to decline.
This draws attention to the revision of data on the growth of eurozone GDP for the fourth quarter, which must be published today later, since during this period the region has suffered a lot from the restrictions related to COVID-19.
Oil prices on Tuesday rose, continuing to grow on Monday, while traders focused their attention to the publication of the data of the American Oil Institute on the supply of crude oil in the United States, which must be published today later.
Concerns about oil supply interruptions from Saudi Arabia, the world's largest exporter, after the combined attack of drones and rockets on some of its objects produced by Yemeni forces, led to the fact that Brent brand on Monday jumped above $ 70 per barrel. However, the impact was limited, and oil prices have completed the day with a decline.
Futures on American wet oil WTI rose 0.7% to $ 65.50 per barrel, while the Brent's international reference contract went up by 0.8% to $ 68.78.
Gold futures rose 1.4% to $ 1700.0 per ounce, while EUR / USD rose 0.4% to 1.1896.
Author Peter Nerst
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