The quarterly reports of Heineken and Abn Amro promoted the “old continent” bags. However, inflation in the US and the commercial war carried some caution.
European actions reached a historical maximum on Wednesdaydriven by the quarterly gains of Heineken and Abn Amro. Even so, inflation data in the United States and tariff threats put some caution
He Stoxx 600 paneurpeo index closed an agitated session with a 0.1% riseand the German reference index also reached a historical maximum.
European banks led sectoral profits with an advance of 1.1%, with ABN amro uploading 8.2% and reaching a maximum of more than five years after the results of the fourth quarter of the Dutch bank exceeded market expectations.
The food and beverage sector was as follows, with a 1%rise. Heineken shot 14.4%its greatest daily rise in the records, after the brewer announced better profits than expected, launched a repurchase of shares and predicted a greater growth of the operating benefit in 2025.
Its peers Anheuser-Busch Inbev and Carlsberg also rose, 2.8% and 3.2%, respectively.
The market adapts to the commercial war
Investors also prepared for the intensification of the world commercial warl. The president of the United States, Donald Trump, is expected to soon announce his policy of reciprocal tariffs, which will probably receive a response from the European Union.
“Tariffs are not simply a negotiation strategy And that has been our initial point of view. There is something else in terms of the belief that it is a source of potential income to try to match the injustices perceived in commerce, “said Richard Flax, Moneyfarm investment director.
Despite the uncertain panorama of world trade, Stoxx 600 has risen almost 8% this year Thanks to the solid profits of some European companies and the expectations that the weakness of the euro helps in the short term to the income of export -oriented companies.
Source: Ambito
