[런던=뉴스핌] Correspondent Jang Il-hyeon = On the 28th (local time), stock markets in major European countries rose simultaneously.

Investor sentiment, especially in technology stocks, appeared to be relieved by media reports that the semiconductor regulations on China being considered by the United States may not be as severe as expected.

It also reflected expectations that the possibility of the collapse of Prime Minister Michel Barnier’s cabinet, which is shaking up French politics, may actually be low.

The STOXX 600 index, a pan-European index, closed at 507.30, up 2.34 points (0.46%) from the previous day. After opening, this index never fell below the previous day’s closing price and maintained an upward trend until the market closed.

The DAX index of the Frankfurt stock market in Germany closed at 19,425.73, up 163.98 points (0.85%), and the CAC 40 index of the Paris stock market in France closed at 7179.25, up 36.22 points (0.51%).

The FTSE 100 index of the London stock market also closed at 8281.22, up 6.47 points (0.08%).

The FTSE-MIB index on the Milan stock market in Italy closed at 33,260.13, up 170.41 points (0.51%), and the IBEX 35 index on the Madrid stock market in Spain closed at 11,610.80, up 31.30 points (0.27%).

On this day, Bloomberg News reported that the U.S. Joe Biden administration will announce additional export restrictions related to semiconductors to China as early as next week. However, although there is a possibility that cutting-edge semiconductors such as high-bandwidth memory (HBM) will be included in this regulation, the overall scope of regulation will be reduced.

The U.S. Commerce Department declined to comment on the Bloomberg report, but the market received it positively.

Led by ASML (+2.42%), a Dutch semiconductor equipment company that exclusively produces extreme ultraviolet (EUV) exposure equipment, ASM International (+1.07%) and BE Semiconductor (+2.07%) all showed an upward curve. The technology sector as a whole also rose 0.95%.

Airbus shares soared 4.13% as Emirates, the world’s largest airline, unveiled its first A350 aircraft. Thanks to this, the defense sector also rose by 1.62%, and the French benchmark index also rose. It is reported that Emirates will introduce a total of 65 A350 aircraft.

Christine Lagarde, President of the European Central Bank (ECB), said in an interview with the British daily Financial Times (FT), “Instead of responding head-on to Trump’s tariff and trade war, we should use a negotiation strategy to purchase more American products.” It played a role in calming the minds of investors.

“A harsh trade war helps no one and risks collapsing the global economy,” Lagarde said. He said, “Negotiation is needed, not retaliation.”

Prospects and expectations were also raised that political instability in France would not lead to the collapse of the cabinet.

Currently, in France, Prime Minister Barnier’s government, which insists on pushing ahead with next year’s budget plan, which focuses on fiscal austerity and tax increases, and Marine Le Pen, leader of the far-right party National Rally (RN), who has declared ‘unacceptable’, are in a tense conflict. .

Representative Le Pen is raising his voice saying that he will file a vote of no confidence in the cabinet if the government does not listen.

“The unstable (political) situation in France is having an impact on the markets,” said Michiel Tooker, a European rates strategist at ING. “I don’t think Le Pen will follow through on her threat to topple the government any time soon.” .

Meanwhile, Germany, Europe’s largest economy, announced that inflation hit 2.4% in November. It was 0.2 percentage points lower than the market forecast of 2.6%.

Inflation indicators for the Eurozone (20 countries that use the euro), France, and Italy will be announced on the 29th.

Among the featured stocks, British insurance company Direct Line surged 41.4% after rejecting a 3.28 billion pound acquisition offer from rival Aviva. The British daily Guardian reported that there were predictions that Direct Line would receive a better acquisition offer.

Meanwhile, Spain’s Grifols, the world’s largest blood products company, fell 11.8% after Canadian fund Brookfield withdrew its acquisition plan.

ihjang67@newspim.com

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