European stock indices Today, which showed the largest decline since the beginning of the year last week, are on the rise. Traders estimate corporate news and wait for statistical data, among which this week will be published reports on the dynamics of consumer prices and unemployment in the euro area.

Stock Europe at the moment

The Stoxx Europe 600 composite index of the largest companies in the region rose 1.1% to 462.7 points. The British FTSE 100 added 0.9%, the German DAX gained 1.52%, the French CAC 40 gained 1.55%, the Italian FTSE MIB gained 1.81% and the Spanish IBEX 35 gained 1.3%.

Airbus (EPA:AIR) SE shares gained 1.9% in trading. The European aerospace corporation expects airlines in the Asia-Pacific Region (APR) to buy more than 900 new aircraft in the next 20 years amid growing demand for air travel.According to Airbus, the volume of passenger traffic in APAC will grow by 3.2% a year on average in the next two decades.

Associated British Foods Plc (LON:ABF) is up 1.4 percent. The company, which owns the Primark chain of department stores, improved its outlook for the current fiscal year, noting that inflationary pressures are starting to ease. ABF expects its revenue and operating profit, excluding one-time factors, to increase substantially this year, and its adjusted earnings per share to be on par with the previous year. Previously, the company had forecast a decline in the latter two indicators.

According to the data from the European Commission published today, the composite index of business and consumer confidence in the euro area fell to 99.7 points in February from 99.8 points a month earlier. Experts on average had forecast the index to rise to 101 points, according to Trading Economics.

The report by the European Central Bank, also published on Monday, showed a slowdown in credit growth in the region. Thus, lending to individuals in the euro area in January rose by 3.6% year on year – the slowest pace since March 2021. The volume of mortgages grew by 3.9%; consumer loans – by 3.1%.

The growth rate of corporate lending slowed to 6.1% from 6.3% a month earlier.

Earlier we reported that JPMorgan analysts believe that the uptrend in the US stock market may end in Q1 2023.