On Monday’s close, June 14, EU shares touched a record high as investors expected the global central banks to commit to a considerable decision on monetary policy.
This is due to the post-COVID-19 economic recovery that continues to gather pace.
Last week, after the European Central Bank remained on its monetary stance, everyone is now focused on the US Federal Reserve’s meeting on June 16.
These two-day policy talks are anticipated for hints on tapering its enormous stimulus program sooner than expected.
Meanwhile, the pan-European STOXX 600 climbed 0.5% following its fourth consecutive weekly gain.
Consequently, Germany’s DAX and the UK’s FTSE 100 headed the gains on regional exchanges.
On the same day, the Dutch stocks were mixed as the gains were topped in the sectors of Software, Utilities, and Technology.
While the losses were led in the sectors of Chemicals, Transportation & Logics, and Consumer & Cyclical.
The MDAX index and TecDAX index both spiked 0.47% and 0.95%, respectively. While DAX sank 0.13%.
SE ON, TeamViewer AG, and Encavis AG led the gains on MDAX as all rose progressed 7.57%, 5.85%, and 4.65%, respectively.
Meanwhile, in TecDAX, the best performer is the SMA Solar Technology AG which rose 3.93% at 43.980.
Furthermore, the leading firms in the DAX were Siemens Energy AG, Deutsche Boerse AG, and SAP SE which all gained 4.26%, 2.13%, and 1.55%, respectively.
In the Frankfurt Stock Exchange, these rising stocks outperformed those who are declining by 348 to 321, while 86 closed unmoved.
Lastly, the DAX volatility index, which gauges the implied volatility of DAX options advanced 5.18% at 17.86.
France Stocks Up
Moreover, the stocks of France were up after Monday’s close as the sectors in the Foods & Drugs, Gas & Water, and General Financial lead the gains.
At the close in Paris, the benchmark CAC 40 was higher by 0.24% hitting a new 5-year high.
Also, the SBF 120 index progressed 0.25%.
CAC 40’s best performers were Total SA, Dassault Systemes SE, and Vinci PA which all rose 1.38%, 1.12%, and 1.05%, respectively.
While the sectors that led the stocks higher in the SBF 120 index were Neoen SA, CGG SA, and Albioma SA which all soared 5.48%, 4.24%, and 4.09%, respectively.
These rising stocks outnumbered the declining ones on the Paris Stock Exchange by 307 to 288, while 75 stayed unchanged.
Furthermore, the CAC 40 VIX, which gauges the implied volatility of CAC 40 options, remained at 18.96 which is its new 3-months low.