International markets: Growth in Europe leads to shares at new high levels

International markets were moving towards new high levels today (13.3.2024) after the new rise in and Wall Street, with investors betting that the highest of expected inflation in the US does not stop the American Fed and other central banks from going down interest rates. Asian shares rose to a high of seven months during the night, as a number of technological branches there gained profits, but Europe had even better performance, scoring its fifth historic high in six meetings. The volatility in foreign exchange markets remained limited, with the dollar, the euro, the yen and the pound falling slightly. In cryptocurrency, bitcoin rose earlier to the new high record of $73,678. In Europe, the index of retail companies was the highest, after a 13.6% jump of Zalando’s share. The online clothing retail company announced better the expected profits for the fourth quarter as well as a stock buyback program. A high record rise, with a 5.9% jump, noted earlier the share of Index – the world’s largest retail clothing company to which the Zara chain belongs – after the announcement of positive financial results.