Volatility is high
How are European stocks reacting to the jolts of recent days? Investors believe the banking crisis can be contained. Indeed we saw the shares rally with a Continental STOXX 600 index rising 0.7% at 0708 GMT. European banks also performed well with + 1.6%, UBS also rose by 2.4% thanks to the statement from the CEO who sees the government's acquisition of Credit Suisse as an opportunity for growth. Also a good earner in the oil and gas sectors along with miners and dealers. In Italy, consumer and business confidence grows in March, according to Alliance News. A climate of confidence that comes from industry and partly from services. Istat recorded a consumer confidence climate index from 104.0 to 105.1 together with that of businesses which rose from 109.2 to 110.2. However, in March 2023, based on the opinions provided by entrepreneurs, a worsening of the conditions for accessing bank credit is estimated.
Over the Channel, on the other hand, food inflation soars, reaching 17.5% in the 12 weeks to 19 March. The average household saw an £837 increase to the annual bill, discounting the ninth straight month of hikes, said Fraser McKevitt, an analyst at Kantar.
This means that shoppers are looking for the best price, as a result we see higher affluence in discounters, mainly in Germany, where Lidl was the supermarket that saw a 26% growth.
And is the sentiment of your company reflected? Let me know in the comments. Stay tuned!