Market|The euro strengthened as EU leaders rushed to provide their support to Ukraine for fear of retreating the United States.
The abstract is made by artificial intelligence and checked by man.
The euro was strengthened against the dollar and the European stock indices rose on Monday morning.
The rise is related to a summit for supporting Ukraine in EU leaders in the UK.
The market also monitors US customs decisions and China’s financial activities.
Euro area The euro strengthened the joint currency in the Monday morning’s currency trade against the US dollar. Zloty, Poland and Romanian Leu, also strengthened the currencies in Eastern European countries.
On Monday morning, the European stock market saw a cautious rise in the rise, which largely subsided towards Friday’s closing courses during the first trading hour.
For example, shares of European defense companies rose on the Tradegate Exchange, news agency Bloomberg told.
The Swedish Saab course was in the morning shop for more than 14 % at the rise. Recently risingly rising German Rheinmetallic share It was over 16 percent higher than Friday’s closing course.
Market Attention was strongly at geopolitical events in Britain on Sunday Prime Minister Keir Starmer organized by Western leaders’ summit.
Bitcoin dropped a little on Monday after Sunday’s rise.
The rise began when the US President Donald Trump Had talked about the fact that virtual currencies should be collected for the union state as a strategic cryptocurrency reserve.
In Asia The shares seemed to have a rise date, at least in Japan and Hong Kong. In China, the market was slightly frosty after a boom day.
In the next few days, the Chinese People’s Congress is expected to have different policies on how to increase domestic demand and thus revitalize the economy.
The market also expects more information on the final levels and targeting of the customs increases threatened by Trump.
This week, it is expected to significantly raise the customs of the United States from China, Mexico and Canada products.
World Bank It is estimated that Ukraine’s reconstruction after the war would cost nearly $ 500 billion. It would be likely to increase the demand for steel and cement, for example.
Investment Bank Goldman Sacs economists estimate that a possible peace agreement could open up to Russia to return to the European gas market more widely.
The bank estimates that the change could reduce the price of gas by 15-50 %.
European The value of the shares has risen significantly faster than the United States in the early part of the year.
According to Bloomberg, the Eurostoxx 50 index was 3.3. At the beginning of the year, 11.6 percent on a plus, while the S&P 500 index was 1.2 per cent.
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