European stocks close at slightly higher prices

European stocks closed slightly on Wednesday after a volatile session amid uncertain short-term outlook.

U.S. stimulus and deployment of Covid-19 vaccine in many countries supported and rose market Coronavirus Cases and stricter blockades weighed heavily on stocks.

The political uncertainty of the United States, where Democrats are preparing to impeach President Donald Trump again, has also weighed heavily. Democrats are planning to impeach Trump’s allegations of inciting a violent attack on the US Capitol last week.

The Democratic move has shown that Vice President Mike Pence will not invoke the 25th Amendment as part of his efforts to dismiss Trump.

The Pan-European STOXX 600 rose 0.11%. Germany’s DAX and France’s CAC 40 rose 0.11% and 0.21%, respectively, while the UK’s FTSE 100 fell 0.13%. Switzerland’s SMI fell 0.26%.

Above all market In Europe, Austria, Denmark, Greece, Iceland, the Netherlands, Spain, Sweden and Turkey closed at high prices.

Belgium, Finland, Ireland, Norway, Poland and Portugal closed weakly, but the Czech Republic and Russia ended flat.

In the UK market, Ocado Group, Pennon Group, Morrisons Supermarkets, Next, Smith & Nephew, DCC, Sainsbury J, National Grid and Aveva Group rose 2-3.5%. United Utilities, Aviva, AstraZeneca, Vodafone Group and SevernTrent also rose significantly.

Meanwhile, Persimmon fell more than 6%, and Just Eat Takeout fell 4.3% after announcing that it would delay the planned delisting from Euronext Amsterdam.

IAG, Standard Chartered, HSBC Holdings, Rio Tinto, Barat Development and Rolls-Royce Holdings lost 2-4%.

In France, Carrefour soared by more than 13% after Convenience store giant Alimentation Couche-Tard Inc., which owns the Circle K chain, said it was considering trading with a French grocery store.

Teleperformance, Danone, Atos, Orange, Engie, Capgemini, Legrand and Pernod Ricard increased by 1-3%. Total has seen active purchases after announcing a partnership agreement with natural gas and electricity supplier Engie SA for the design, development, construction and operation of the Masshylia project.

Valeo, Renault, Technip, Unibail-Rodamco, ArcelorMittal, Michelin, Saffron and Sodexo fell sharply.

In the German market, Bayer rose nearly 4.5%. RWE, Vonovia, Deutsche Wohnen, E.ON. It also made a strong profit. Deutsche Post profited after reporting that the preliminary group’s EBIT for the fourth quarter increased 56% from last year to around € 1.96 billion.

ThyssenKrupp, Lufthansa, Daimler, BMW and HeidelbergCement were significantly sluggish.

Spanish telecommunications stock Telefonica surged nearly 10% after announcing the sale of $ 9.4 billion in telephone masts to American Tower.

In economic news, the French bank reported that French people Economy The contract was signed in the final quarter of 2020, despite the relaxation of Covid-19 containment measures in December.

According to the bank, the economy in the fourth quarter shrank 4% quarter-on-quarter, with an annual decline of 9% for the full year of 2020, unchanged from previous expectations. In the third quarter, GDP increased 18.7% quarter-on-quarter after the containment was lifted.

Germany’s wholesale prices fell at the slowest pace in the 10 months of December, according to Destatis data. Wholesale prices in December fell 1.2% annually after falling 1.7% a month ago. On a monthly basis, wholesale price increases accelerated from 0.1% in November to 0.6%.

Eurozone industrial production growth unexpectedly accelerated in November, rising 2.5% month-on-month, faster than the 2.3% rise seen in October, according to Eurostat data. This was the fastest growth in four months, well above economists’ forecast of 0.2%.

On an annual basis, the decline in industrial production slowed from 3.5% in October to 0.6%. Production was projected to decline by 3.3%.

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European stocks close at slightly higher prices

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