Stock markets in Asia and Europe entered a new trading week with growth. The New York Stock Exchange, which remained closed due to Memorial Day on Monday, could also follow the wave of optimism on Tuesday.
The worst is over for stock markets
World stock markets are experiencing relatively solid growth at the end of May. Some experts have even come to believe that the worst is over. “It simply came to our notice then. The bad news has come and the markets hope they have bottomed out, “Carlo Franchini, head of institutional client advisory services at Milan’s Banca Ifigest, told Reuters.
According to him, the markets also benefited from clarifying the situation around the policy of the European Central Bank, which until recently was shrouded in a certain mystery. “Interest rates will rise, which is likely to end the era of negative rates in the eurozone, which has had extremely distorting effects on banks and financial markets,” Franchini added.
Madrid is headed into negative territory
With the exception of the New York Stock Exchange, which did not trade on Monday for Memorial Day, almost all stock exchanges in Europe and Asia grew. Of the major floors, only Madrid headed into negative territory, with its main index writing off a slight 0.03 percent. Tokyo’s Nikkei and Hong Kong’s Hang Seng have strengthened by more than two percent.
