Markets

The CAC 40 closed 28 points or 0.5% higher at 6,386 on Friday, extending gains to late 2000 levels, and advanced 1.8% from last week, on a strong earnings season. Credit Agricole net profit surged 64% to €1.05 billion during the first quarter, largely surpassing expectations of €729 million, underpinned by trading activities and a reduction in cost of risk. Also, French investment bank Natixis, which reported Thursday after the bell a net profit of €255 million in Q1, rebounding from a €204 million net loss in the previous year, as cost of risk decreased by more than half to…

The ASX 200 increased 494 points or 7.50% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Historically, the Australia S&P/ASX 200 Stock Market Index reached an all time high of 7199.79 in February of 2020. The S&P/ASX 200 is the most important stock market index which tracks the performance of 200 large companies based in Australia. It is a market-capitalization weighted and float-adjusted index. The index has a base value of AUD3133.3, equal to the value of the All Ordinary Shares as of March 31, 2000.

The Euronext BEL 20 increased 423 points or 11.68% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Belgium. Historically, the Belgium Stock Market (BEL20) reached an all time high of 4759.01 in May of 2007. The BEL20 is the benchmark stock market index of Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. The BEL20 is a modified capitalization-weighted index. The index has a base value of EUR 1000 as of January 1, 1991.

All three main US stock indexes gained ground on Friday, with the Dow Jones and the S&P 500 finishing at record closing levels as a disappointing payroll report eased worries about the Federal Reserve reducing its massive support anytime soon. Nonfarm payrolls increased by 266K only, well below forecasts of nearly one million, while the unemployment rate rose to 6.1%. The report raised concerns of a slower-than-expected jobs recovery and drove investors to the safety trade of big tech. However, such rotation was short-lived, with value-oriented stocks reasserting their dominance again amid prospects of robust economic recovery and cemented expectations…

The IBEX 35 closed above 9,000 for the first time since February 2020 and finished the week almost 3% higher, as investors piled into economically sensitive stocks amid signals for a robust economic recovery. On the earnings front, Spain’s fast-expanding telecoms provider Cellnex said core earnings rose 47% to €381 million, underpinned by a 41% jump in revenues to €506 million, slightly exceeding market expectations. Also, Caixabank showed net profits surged almost six-fold to €514 million during the first quarter, beating market forecasts of €342 million, after the bank did not set aside any provisions against the impact of the…

The FTSE/JSE All Share Index extended gains for the third session on Friday and is heading for a nearly 2% weekly gain, as investors remained hopeful about a strong global economic recovery while cautiously awaited a scheduled review of South Africa’s sovereign credit by Moody’s later in the day. Upbeat economic data from major economies around the world such as China and Germany point to a robust recovery from the Covid-19 blow in 2021. Historically, the South Africa Stock Market reached an all time high of 69403.75 in March of 2021. South Africa’s FTSE/JSE Africa All Shares Index is a…

The AEX increased 94 points or 15.06% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Netherlands. Historically, the Netherlands Stock Market (AEX) reached an all time high of 719.38 in April of 2021. The AEX Index is a major stock market index which tracks the performance of the leading stocks traded on the Amsterdam Exchange. It is a free-float adjusted market capitalization weighted index. The AEX Index has a base value of 538.36 as of January 4, 1999 after conversion to Euro.

European stock markets extended their gains on Friday to end the week on a positive note, with the benchmark DAX closing around 15,370 on the back of upbeat economic data and a strong earnings season. German industrial production rose in March by the most in five months, while better-than-expected exports and imports figures from Europe’s largest economy signalled a solid rebound in global demand. On the corporate front, BMW remains on track to meet its profit targets for 2021, although it noted that rising raw material prices and a global chip shortage could hit production in the second quarter. Siemens…

The OMX Helsinki 25 increased 634 points or 13.82% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Finland. Historically, the OMX Helsinki 25 Index reached an all time high of 5230.27 in May of 2021. The OMX HEX25 Index is a major stock market index which tracks the performance of the 25 most heavily traded companies in the Helsinki Stock Exchange. Limiting each company to a maximum weight of 10%, the OMX HEX25 Index is a benchmark for the Finnish Stock Market.

The OMX Copenhagen increased 93 points or 6.33% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Denmark. Historically, the Denmark Stock Market — OMX Copenhagen Index — KFX reached an all time high of 3925 in October of 2020. The OMX Copenhagen Index is a market value weighted index that consists of the 20 most-traded stocks in the Copenhagen Stock Exchange, in Denmark. .

The OMX Tallinn increased 295 points or 21.97% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Estonia. Historically, the Estonia Stock Market (OMX Tallin) reached an all time high of 1645.39 in May of 2021. The OMX Tallin is a major stock market index which tracks the performance of all shares listed on the Main and Secondary lists on the Tallinn Stock Exchange in Estonia. It is a capitalization weighted chain-linked total return index. The OMX Tallin Index has a base value of EUR100 as of June 3,…

The Hang Seng increased 1380 points or 5.07% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Hong Kong. Historically, the Hong Kong Stock Market (HSI) reached an all time high of 33484.08 in January of 2018. The Hang Seng is a major stock market index which tracks the performance of around 50 largest companies listed in the Stock Exchange of Hong Kong. It is free floating, capitalization-weighted index. The Hang Seng has a base value of 100 as of June 30, 1964.

The FTSE MIB pared early losses to close 117 points or 0.5% higher at an over 2-week high of 24,612 on Friday, catching up to its European peers after, amid an ongoing assessment of earnings results, as traders switched up their bets for the session. Starting as the worst performer, Italian utilities group Enel ended unchanged, as the board’s confirmation of FY 2021 targets managed to offset a 12.3% loss in core earnings. On the contrary, Leonardo shares shed 1%, even with Q1 earnings showing a 132% surge in core profits, underpinned by a 7.7% jump in revenues, mostly from…

The OMX Riga decreased 5 points or 0.41% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Latvia. Historically, the Latvia Stock Market (OMX Riga) reached an all time high of 1185.31 in February of 2021. The OMX Riga Index is a major stock market index which tracks the performance of all companies listed on the Main and Secondary lists on the Riga Stock Exchange in Latvia. Only companies where a single shareholder controls at least 90% of the outstanding shares cannot be included in the index. It is…

The NIKKEI 225 increased 1914 points or 6.97% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38957.44 in December of 1989. The Nikkei 225 Stock Average Index is a major stock market index which tracks the performance of 225 top rated companies listed in the First Section of the Tokyo Stock Exchange. It is a price-weighted index. The Nikkei 225 has a base value of 176.21 as of May 16, 1949.

Montenegro Stock Market (Monex) decreased to 9709.31 points on Friday October 23 from 9747.92 points in the previous day. Historically, the Montenegro Stock Market (Monex) reached an all time high of 11957.21 in April of 2017. The Montenegro MONEX Index is a major stock market index which tracks the performance of the companies listed on the Montenegro Stock Exchange.

The Euro Stoxx 50 increased 483 points or 13.59% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Euro Area. Historically, the EURO STOXX 50 Stock Market Index reached an all time high of 5522.42 in March of 2000. The EURO STOXX 50 is a major stock market index which tracks the performance of 50 Blue-chip companies based in twelve Euro Area countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

Canadian shares ended the first trading week of May on a high note, with the benchmark S&P/TSX Composite notching a fresh record high around the 19,470 level, led by gains in the healthcare sector, while a rally in gold prices pushed shares of precious metal miners deep into the green. Meanwhile, the Canadian economy shed more jobs than expected in April, and the jobless rate rose to 8.1%, above market expectations of 7.8%. Also, the Ivey Purchasing Managers Index dropped to 60.6 from a near all-time high of 72.9, pointing to a slowdown in economic activity growth. Looking for how…

The FTSE 100 closed above the 7,100 level for the first time since February 2020 to finish the week more than 2% higher, as upbeat customs data from China and Germany boosted hopes of a robust global economic rebound this year. On Thursday, the Bank of England kept its monetary policy unchanged but reduced its bond purchases, a move that reinforced the view of a solid economic bounce. The Bank also raised its estimate for UK GDP growth to 7.25% in 2021, up from a previous forecast of 5%. On the political front, Prime Minister Boris Johnson’s ruling UK Conservatives…

The SMI increased 483 points or 4.51% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Switzerland. Historically, the Switzerland Stock Market (SMI) reached an all time high of 11270 in February of 2020. The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June…