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European stocks trade at high prices

Despite rising prospects for monetary tightening by central banks around the world, there are concerns about a surge coronavirus In the European case, strong data from the US boosted investor sentiment, closing European stocks at highs on Thursday.

Investors have digested a batch of up-to-date economic data from the Federal Reserve Board (announced Wednesday), the European Central Bank, and Europe.

The Pan-European STOXX 600 rose 0.42%. The UK’s FTSE 100 rose 0.33%, Germany’s DAX rose 0.25%, France’s CAC 40 rose 0.48%, and Switzerland’s SMI rose 0.44%.

Above all market In Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Ireland, the Netherlands, Norway, Portugal, Spain and Turkey closed at high prices.

Iceland, Poland, Russia and Sweden ended in weakness.

In the UK market, Compass Group, Whitbread, Intercontinental Hotels Group, Land Securities, St. JamesPlace, Ashtead Group, Scottish Mortgage, Rolls-Royce Holdings, Coca-Cola HBC, Unilever, Berkeley Group Holdings, 3i Group, Severn Trent, Taylor Winpay and Smartfit Kappa Holdings increased by 1.5-3.2%.

Mothercare’s share increased by about 2.6% compared to last year’s losses after parent and toddler specialist brands reported profits in the first half of the year.

Vodafone Group decreased by more than 3%. RightMove, DarkTrace, Imperial Brands, Evraz and Rio Tinto decreased by 1-22%.

In the French market, Unibail-Rodamco recovered by more than 3%. Both Air France-KLM and Pernod Ricard increased by about 2.5%. Dassault Systemes, WorldLine, Sodexo Atos, Hermes International and Engie increased by 1.3-2%.

Rémy Cointreau’s share price is after the wine and spirits company raised its full-year earnings outlook after the group’s first-half net income rose 106.1% from € 65 million last year to € 134 million. , Soared nearly 14% to a record high.

Technip, Valeo and Faurecia have declined sharply. Sanofi, Carrefour, Mitchellin and STMicroElectronics also closed weakly.

In Germany, RWE has recovered nearly 7%. E.ON rose about 2.5% and Sartorius rose 1.4%. Siemens, Deutsche Bank, Siemens Healthnias and Qiagen also closed at significantly higher prices.

Jenoptik rose 8% after announcing that it had signed an agreement to sell its VINCORION division to a fund managed by private-equity fund Star Capital Partnership LLP.

Zalando, Fresenius Medical Care, BMW, Deutsche Post, Porsche Automobile, HelloFresh and Continental closed weakly.

In the Swiss market, Swiss Life Holdings shares have risen by more than 3.5% and the company has launched a new $ 1.07 billion share buyback.

In economic news, the latest European Central Bank minutes may indicate that December staff forecasts may not resolve all uncertainties regarding the medium-term outlook, and policy makers are due to future monetary policy action. Showed that we must maintain sufficient choices.

The ECB said in the minutes, “The Board will benefit from the new staff’s macroeconomic forecasts at its December meeting, but the data available in December will resolve all uncertainties about the medium-term inflation outlook. Note that it is not. ” Called the “account” of the October 27-28 policy session.

“The Board was considered important to maintain sufficient selectivity to enable future monetary policy measures, including after the December meeting.”

Germany’s gross domestic product increased 1.7% in the third quarter from the previous quarter, instead of the 1.8% estimated on October 29, according to Destatis revised data.

Germany’s consumer confidence is set to worsen faster than expected in December as households become more cautious amid the fourth wave of coronavirus and high inflation, findings said Thursday. rice field.

Market Research Growth According to GfK, the forward-looking consumer confidence index has fallen from 1.0 in November to a six-month low of -1.6. The economist predicted a reading of -0.5.

According to the results of the UK Industrial Federation’s Distribution and Trade Survey, UK retailers reported increased sales growth in November as clothing stores and department stores recorded significant increases in sales.

Retail sales rose from 30% in October to 39% in November. Net 56% expect sales to recover in December.

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European stocks trade at high prices

Source link European stocks trade at high prices

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