European markets show fragile recovery amid lingering economic risks
Investor sentiment is brightening somewhat, but there is still no sign of euphoria at European trading venues," said Andreas Lipkow, chief market analyst at CMC Markets. The key question remains whether a sustainable ceasefire or lasting peace between the warring parties will actually materialize. "Too often in recent months, the situation has shifted abruptly, defying expectations."
"At the moment, markets are merely pricing out the worst-case scenarios, but high oil prices remain a clear burden," Lipkow noted. This is evident, among other things, in the fact that BASF shares are trading at the lower end of the DAX.
Positive momentum is currently coming from European purchasing managers' indices, which have turned out slightly better than expected for Germany. "This at least fuels short-term hopes that the eurozone economy may not slow as sharply as feared."
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