Daniel Shvartsman

Investing.com: European markets began 2022, continuing momentum from 2021. Indicators jumped early Monday trading.

The (+.9%), (.8%), (1.1%) and (.5%) all traded higher at 1015 CET (915 GMT). Today is New Year’s Day in the U.K., so all trading on the FTSE 100 and UK markets will be closed.

The automotive sector was one of the most important in early trading. It included Porsche (2.4%) and BMW (2.4%) as well as Volkswagen (DE) (2%), Stellantis (1.5%), and an auto parts supplier. Michelin All of them drove higher in the morning. The report comes as Tesla (NASDAQ:), and other electric car makers, have reported their Q4 deliveries. Hyundai South Korea also has 2022 auto sales.

With the explosion of the aviation industry, so did their profits. Safran (PA:). (2.8%) To hire as many as 12,000 employees in anticipation of the recovery in air traffic in 2022. Their CEO stated that “The worst has passed.” The news also shows that Airbus has seen a 2.5% increase in its stock price. The news also suggests that this may be affecting the overall travel industry, as International Consolidated Airlines is up 2.5% on the news.

Another company featured in the news: Delivery Hero AG (DE) Last Friday, the German Embassy announced it would be increasing its stakeGlovo is a Spanish-based delivery service that offers a range of services, with prices ranging from 36% up to 80%. This German-based delivery company announced just weeks ago that it will be closing its German operations. It is now up 1.9%. The stock of Rival Just Eat Takeaway is up by.6%.

Europeans may see a tailwind in solid PMI reports. This morning’s Eurozone report exceeded expectations, showing solid growth with a strong 58 reading. Most country reports were at or above expectations. Germany came in slightly under expectations with a 57.3 reading. That compares to the 57.9 expected.

As expected, they are also up 1.3% in line with the rising demand theme. While there has been some concern about how much Omicron Covid-19 could weigh on demand or cause an oversupply, the markets have not shown any signs of panic.

The year has started with a quiet start for cryptocurrencies. They are slightly higher than last year but have seen a slight decline in value over the past 24 hours. However, they were up 1.2% and.9% respectively.

It is currently at.1%, 1.1356 (11:15 CET) (9:15 GMT).

(Article will continue to be updated throughout each day).