Markets opened on high note and closed higher on Monday as Covid-related fears subdued. Leisure companies and airlines benefited the most. Energy stocks made gains as oil price increased 3.7% over the day.
DAX30 +1.39% CAC40 +1.48% FTSE100 +1.54% IBEX35 +2.4% MIB +2.16%
Economic news in European Union were as follows.
Germany
According to German Federal Statistical Office Destatis in October Industrial Orders in manufacturing were down almost 7% compared to the previous month. Domestic orders rose by 3.4% and international ones fell by 13%. In the Consumer Goods segment orders rose by 4.3%.
Italy
In October Retail Sales were 0.1% higher than a month ago and 3.7% higher year-on-year. Retail Sales are higher than those of pre-pandemic February 2020. The largest increases were in travel items and clothing.
Eurozone
In Eurozone the sentix economic index (investors’ market expectations over the next six months) falls back again in December to 13.5 points, lowest value since April 2021 as the assessment of the current situation slumps more than 10 points. The tighter lockdown measures are hitting economies, particularly in Germany and Austria.
Companies
International Consolidated Airlines Group (IAG) is the leader of the day as less severe restrictions are expected in efforts to fight Omicron. Not far behind are the companies from the same industry, MTU Aero Engine (MTX) and Safran (SAF). Banks also are higher with BBVA up 4.4% and Sabadell 3.9%.
Top Outperformers of the Day
| Ticker | Company | Industry | Сurrency | Market Cap in Bln |
Dividend Yield | Price Change |
|---|---|---|---|---|---|---|
| IAG | International Consolidated Airlines Group SA | Industrials | EUR | 3.31 | 0% | 7.74% |
| MTX | MTU Aero Engines AG | Industrials | EUR | 9.17 | 0.73% | 5.47% |
| SAF | Safran SA | Industrials | EUR | 44.34 | 0.41% | 5.19% |
| AMKBF | A.P. Moller Maersk AS | Industrials | USD | 60.33 | 1.83% | 4.63% |
| BBVA | Banco Bilbao Vizcaya Argentaria | Financials | EUR | 33.34 | 1.2% | 4.38% |
Notes
Daily performance information in the tables above is based only on the performance of 250 stocks covered in this website.
Sources of information are as follows:
Deutsche Bundesbank, Central Bank, Germany
Destatis, Federal Statistical Office, Germany
Office for National Statistics, The UK
European Commission services
Insee, National Institute for Statistics and Economic Studies, France
The ifo Institute for Economic Research, Germany
Istat, National Institute of Statistics, Italy.