Markets consolidate gains awaiting European GDP in the second quarter
The most important indexes ended higher on Wednesday, on a day without major data. Next up are GDP and industrial production in the eurozone, as well as US employment, which are expected to guide trading on Thursday.
Major European markets felt optimistic in Wednesday's session, as benchmark indices of the main stock exchanges posted gains. Next up are the eurozone's July GDP and industrial production figures, which will mark the day.
Among benchmark indices, gains were recorded of 0.18% in the United Kingdom, 0.56% in Italy, 0.57% in Germany, 0.66% in France, and 0.86% in Spain. Market sentiment was most notable in the Euro Stoxx 50 index, which rose 1.01%.
The day was not marked by significant macroeconomic data or corporate results, so investors are awaiting new catalysts.
In Portugal, the day was quite different, as the PSI index remained slightly above zero variation. It rose 0.06%, reaching 7,759 points, led by a 1.87% increase in Mota-Engil shares, which reached €5.45. Right behind was Sonae, which gained 1.56%, rising to €1.306, while Navigator added 0.92%, reaching €3.288.
In the opposite direction, EDP Renováveis fell 0.82%, settling at 9.65 euros per share, while Galp fell 0.57% to 16.45 euros.
Eurozone in the spotlight with GDP release
This Wednesday, the week's main macroeconomic indicators begin to arrive. Eurostat will publish second-quarter GDP and June industrial production figures for the eurozone and the EU.
A few hours later, US employment data will be released. Next up are reports from corporate giants, such as the American company Alibaba.
jornaleconomico
