Though the week began with a bit of insecurity due to the serious nuclear bomb test executed by North Korea on Sunday, the markets were able to shake the pressure off. Today we are seeing the European stock market doing well, with no hint of yesterday’s stress.
The STOXX 600 index increased by 0.2%, resuming the growth that was interrupted on Sunday. The STOXX50E is also up, by 0.3%. In the United Kingdom traders saw the FTSE 100 index increase by 0.3%. The British stock market was further invigorated due to the brand-new merger announced between the Aveva software company with Schneider Electric, to form a business worth 3 bn British pounds. Growth was recorded in Germany as well, where the GDAXI gained 0.4%, despite some losses in separate companies such as the 3.6% drop in the stocks of Gerresheimer (GXIG), a company which specializes in packaging medical drugs.
The sectors that were most important in the growth recorded all over Europe are financials, basic resources, and health. Overall, the European stock markets are in a good condition today, which would likely continue, unless there are new geopolitical developments.
