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Positive European stock exchanges, hopes of recovery prevail

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European stock exchanges are moving higher, after the recent weakness. In the first few minutes of trading, the Eurostoxx 50 index rose by 0.8%. In Frankfurt the Dax marks an increase of 0.9%, in Paris the Cac40 gains 0.7% and in London the Ftse100 index shows a + 0.8%. The rebound on Wall Street last night and the gains of the Asian markets this morning supported the exchanges. On the markets, hopes of economic recovery prevail over fears for the health situation in Europe and doubts still present on a possible acceleration of inflation. Also to be monitored is oil, whose prices register a new flare-up after yesterday’s crash. In the foreground the question of the blockade of the Suez Canal due to a jammed container ship, which could take weeks of work to free it. The session will also be enlivened by some indications. In the morning, the Ifo index, which measures business confidence in Germany, will be released. Business and consumer confidence in Italy is also out. In the afternoon from the United States will come the income and spending of American families and consumer confidence according to the University of Michigan.

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