In Europe, the stock market saw a boost from positive results in recent days. However, concerns about global inflation and long-term interest rates have left investors feeling wary. Despite this, European stock markets opened with a small rise, driven by encouraging earnings news.
Some notable companies reported strong performances, such as food company Danone, whose turnover exceeded expectations due to bottled water sales. This led to a 1.4 percent increase in their share price. Additionally, European chip companies reacted positively to Taiwan Semiconductor Manufacturing’s improved results.
After about twenty minutes of trading, the broad Stoxx 600 index was up 0.25 percent, with companies offering community services seeing the best rise in the sector. Overall, the European stock market showed signs of positivity despite lingering concerns about inflation and interest rates.
In Asia, the mood was already positive in the morning before opening with caution in Europe due to concerns about global inflation and long-term interest rates. However, investors in Asia continued to show optimism after positive earnings reports from some notable Asian companies such as Samsung Electronics and SK Hynix which boosted their share prices by 3% and 7% respectively.
