{"id":45298,"date":"2024-03-26T17:34:23","date_gmt":"2024-03-26T17:34:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/26\/major-european-markets-close-higher-9\/"},"modified":"2024-03-26T17:34:23","modified_gmt":"2024-03-26T17:34:23","slug":"major-european-markets-close-higher-9","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/26\/major-european-markets-close-higher-9\/","title":{"rendered":"Major European Markets Close Higher"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Major European <span class=\"landLinks\">markets<\/span> closed higher on Tuesday with investors picking up stocks amid hopes several central banks will likely lower interest rates sooner than later. Concerns about geopolitical tensions limited markets&#8217; upside a bit.<\/p>\n<p>Investors awaited key European and U.S. inflation readings for directional cues.<\/p>\n<p>Geopolitical tensions also remained in focus after Russian President Vladimir Putin acknowledged for the first time that &#8220;radical Islamists&#8221; were responsible for last week&#8217;s attack on a concert hall outside Moscow and that Ukraine was also somehow involved.<\/p>\n<p>&#8220;We know that the crime was committed by the hands of radical Islamists, whose ideology the Islamic world itself has been fighting for centuries&#8221;, Putin said in a televised meeting.<\/p>\n<p>The pan European Stoxx 600 gained 0.24%. The U.K.&#8217;s FTSE 100 ended 0.17% up, Germany&#8217;s DAX climbed 0.67% and France&#8217;s CAC 40 gained 0.41%. Switzerland&#8217;s SMI settled 0.37% up.<\/p>\n<p>Among other markets in Europe, Netherlands, Poland, Portugal, Spain and Sweden ended higher.<\/p>\n<p>Denmark, Greece, Iceland, Ireland and Turkiye closed weak, while Austria, Belgium, Finland, Norway and Russia ended flat.<\/p>\n<p>Kingfisher, Marks &amp; Spencer, JD Sports Fashion, Standard Chartered, DS Smith, Easyjet, Howden Joinery and Mondi, gaining 2 to 4%, were among the top performers in the UK market.<\/p>\n<p>Ocado Group shares climbed 2.75% after the company reported strong Q1 performance with 10.6% revenue growth year-on-year.  Smiths Group shares gained about 2% after the company launched a \u00a3100m share buyback after posting strong half-year earnings results.<\/p>\n<p>IHG, J Sainsbury, Airtel Africa, Phoenix Holdings, Spirax-Sarco Engineering, Frasers Group, Rolls-Royce Holdings, Reckitt Benckiser, Burberry and Accociated British Foods also posted strong gains.<\/p>\n<p>Auto Traders Group ended more than 4% down. Beazley, Rio Tinto, Fresnillo, Experian, M&amp;G, Croda International, Prudential, St. James&#8217;s Place and BP lost 1 to 2.3%.<\/p>\n<p>In the German market, Puma, Vonovia, Infineon, E.ON, Volkswagen, Munich RE, Bayer, SAP, HeidelbergCement, Deutsche POst, Deutsche Boerse and Hannover Rueck advanced 1 to 2.3%.<\/p>\n<p>Qiagen is down by about 2%. Covestro, Symrise and Siemens Energy also ended notably lower.<\/p>\n<p>In Paris, Kering, Alstom, BNP Paribas, Renault, Vinci, Sanofi, Pernod Ricard, Unibail Rodamco, Safran, Credit Agricole, WorldLine, Eurofins Scientific, Saint Gobain, Edenred and Danone gained 1 to 3.3%.<\/p>\n<p>In economic releases, a survey showed German consumer confidence is set to improve in April. The forward-looking consumer confidence index rose to -27.4 in April from revised -28.8 in March, according to a survey conducted by the market research group GfK and the Nuremberg Institute for Market Decisions (NIM).<\/p>\n<p>Elsewhere, Spain&#8217;s economic growth improved at the end of the year, as initially estimated, final data from the statistical office INE showed.<\/p>\n<p>Gross domestic product grew 0.6% from the third quarter, when output was up 0.4%. The rate came in line with the estimate published on January 30.<\/p>\n<p>On a yearly basis, economic growth improved to 2%, as estimated, from 1.9% in the preceding period. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Major European Markets Close Higher<\/a><br \/>\n<br \/>2024-03-26 17:34:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major European markets closed higher on Tuesday with investors picking up stocks amid hopes several central banks will likely lower interest rates sooner than later. Concerns about geopolitical tensions limited&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-45298","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=45298"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/45299"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=45298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=45298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=45298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}