The European stocks reached an all-time high on Tuesday, thanks to good prospects from hearing aid manufacturer Demant, which supported the values of the health sector, although the advance was offset by the losses of the miners and the expectations around the meetings of the central banks.
The pan-European index STOXX 600 closed with a rise of 0.1%, to 479.71 points, and the values of the health sector led the gains, with a rise of 1.3 percent. The Danish company Demant It was one of the best-performing companies in the industry, after unexpectedly raising its earnings outlook.
The mining valuess led losses, falling 2.9% on falling iron ore and copper prices, as weak supply and poor demand prospects in China rattled metals markets.
Antofagasta and ArcelorMittal SA They were among the worst performers in the industry.
The STOXX 600 closed Monday at an all-time high, dragging down strong October gains thanks to earnings and higher bank values, fueled by expectations of a rate hike by the European Central Bank next year.
The focus is now on the decision of the Federal Reserve (Fed) from United States on when it plans to start reducing its massive stimulus measures, as well as on the Bank of England’s decision later in the week. Both banks are expected to outline measures to contain the recent spike in inflation.
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Reference-www.eleconomista.com.mx