Europe shares at standard peak after lowering interest economy

The European Stoxx 600 index rose to an unprecedented level today, Thursday, led by the shares of the real estate sector and thanks to the expectations of the pace of monetary facilitation by the European Central Bank, amid different business results announced by companies.

The European Central Bank reduced interest rates of 25 basis points to 2.75% as expected, and pointed to the possibility of reducing them again, as concerns overwhelmed the weak economic growth of concern about the continued inflation.

The decision came in the wake of data that showed the stagnation of the euro area economy unexpectedly in the past quarter. Traders are currently expecting to reduce interest rates by about 70 basis points by the end of this year.

The most prominent data of the rise of European stocks:

• The Stoxx 600 index closed 0.9% to make gains in 10 sessions from the last 12 sessions.
• The leadership stock index in Germany rose 0.4% to the highest level ever.
• The real estate sector index, which is affected by interest rates, offers 1.9%, as revenue for German bonds has decreased.
• The return on bonds has reached two years to the lowest level since January 8th.
• The sub -index of technology shares rose for the third consecutive day, achieving gains of 1.1%, as the sector continued to recover from a wave of sale earlier in the week due to the appearance of a lower cost artificial intelligence model issued by the Chinese company Deep Cick.
• Deutsche Bank shares fell about 3.2% after it recorded a greater decrease in the profits of last year and the last quarter of it.
• The Spanish index rose 1% to the highest level since the global financial crisis in 2008.
• Nokia share 6.7% after the company announced a modified operating profit and stronger sales than expected in the last quarter of last year.

In America, the main stock indicators witnessed a remarkable increase, as::

• The Standard & Poor’s 500 (S&P 500) index closed at 6072.22 points, an increase of 0.54%.
• The Dow Jones Industrial Index increased by 0.54% to 44957.08 points.
• The Nasdaq Boat Index, at 19688.75 points, closed a 0.29%increase.

These rises come in light of the investor assessment of the results of the business of major technology companies, as some companies have shown strong performance in their recent financial reports.

In addition, official statements of US GDP growth showed 2.1% in the fourth quarter of 2024, reflecting the continued economic recovery.