Major European markets close almost flat

European market The closing price on Thursday closed slightly flat as investors were largely cautious and refrained from making significant moves due to the lack of new triggers.

Continued optimism about possibilities Coronavirus Expectations for vaccines and US fiscal stimulus quickly brought some support to the market, although concerns at the forefront of Brexit and the surge in coronavirus weakened.

Reportedly, the number of new coronavirus cases in the UK on Wednesday exceeded 18,000, the highest since early May. Over 16,000 new cases were seen on Wednesday in France, and a surge in new cases was reported in Germany.

Pan-Europe Stoxx600 fell 0.12%. The UK’s FTSE 100 fell 0.44%, Germany’s DAX and France’s CAC 40 fell 0.02% and 0.08%, respectively, while the Swiss SMI rose 0.09%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Finland, Iceland, Poland, Portugal and Spain fell.

Denmark, Greece, the Netherlands, Norway, Russia and Turkey closed at high prices, while Sweden and Ireland closed flat.

In the UK market, Persimmon, International Capital Group, Imperial Brands, Melrose, IAG, National Grid, CRH, BT Group, Standard Life, Rolls-Royce Holdings, Lloyds Banking, Standard Chartered and NatWest Group decreased by 2-5%. ..

Among the winners, Flutter Entertainment has improved by more than 4%. DCC, Polymental International, Reckitt Benckiser, HomeServe, Avast, Bunzl, Scottish Mortgage and Ocado Group rose 2-3%.

In the German market, ThyssenKrupp, Volkswagen, Daimler, BMW and Lufthansa fell sharply.

Wirecard has recovered more than 4%. Merck made more than 1.5% profit, while SAP and Infineon Technologies made a small profit.

In France, Renault shed more than 2%. Carrefour, Airbus, Capgemini, Accor, Safran and Michelin were other prominent losers, while Sodexo, STMicroElectronics, Essilor, Valeo, Sanofi, Orange, Air Liquide, Atos and Veolia finished well.

On the economic front, French consumer confidence fell to its lowest level in almost two years in November, according to a study by the Statistics Bureau Insee.

The Consumer Confidence Index fell from 94 in October to 90 more than expected in November. This was the lowest since December 2018, when the score was 88. The expected score was 92.0.

According to the results of market research group GfK, consumer sentiment in Germany has deteriorated significantly due to a partial blockade. The future consumer sentiment index fell from the revised -3.2 in October to -6.7 in December. The expected reading was -5.0.

UK car production recorded a double-digit decline in October as the car sector eagerly awaited a Brexit deal, the Automakers Association said Thursday.

Car production plummeted 18.2% year-on-year in October. According to the data, only 110,179 cars left the factory gate in October.

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Major European markets close almost flat

Source link Major European markets close almost flat

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