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    European stocks close with mixed notes

    European stocks closed mixed on Wednesday, investors mainly be cautious, coronavirus Cases and new blockage restrictions, and a batch of up-to-date economic data from Europe and the United States

    Investors closely tracked the political situation in Germany, where the parties agreed to form a tripartite coalition after a series of talks.

    Investors were also waiting for minutes from a recent meeting of the Federal Reserve Board scheduled later that day to gain more insight into price pressures and economic recovery.

    The Pan-European STOXX 600 rose 0.09%. The UK’s FTSE 100 rose 0.27%, Germany’s DAX fell 0.37%, and France’s CAC 40 fell 0.03%. Switzerland’s SMI rose 0.23%.

    Above all market In Europe, Austria, Belgium, the Czech Republic, the Netherlands, Portugal, Sweden and Turkey closed at high prices.

    Denmark, Finland, Greece, Iceland, Ireland, Norway, Poland, Russia and Spain have weakened.

    In the UK market, Intertek Group’s share price has risen by more than 6%. St. James Place, Segro, Taylor Winpei, Persimmon, British Land, Shrodders, Vodafone Group, BP, Royal Dutch Shell, Severn Trent, Rio Tinto, ABRDN and Landsec Group increased by 1-2%.

    Shares in chemical company Johnson Matthey have fallen by more than 2%.The company warns that it will end the use of the battery jobs Shareholders will cost £ 314m.

    Aveva Group, Entain, Fresnillo and Flutter Entertainment reduced by 2-4%.

    In France, Dassault Systèmes fell nearly 4%. Faurecia was down 2.7%, while Worldline, Schneider Electric, ArcelorMittal, Renault, Valeo, Sanofi, Carrefour and Capgemini were down 1-2%.

    Vivendi, Teleperformance, Technip, Vinci, Veolia and Airbus increased by 1-1.8%.

    In the German market, Volkswagen, Daimler, BMW, Bayer, Covestro and Puma fell by 2-3%. Continental, Porsche Automobil, Siemens Healthineers, BASF, Henkel, Adidas and Fresenius also fell significantly.

    Drägerwerk AG & Co. KGaA fell more than 14% after saying it expects net sales and revenues to decline next year.

    Vonovia increased by more than 6%. Deutsche Wohen increased by about 3%, but MTU Aero Engines, Deutsche Bank, Munich RE, E.ON. And Theland got 1 to 2%.

    Telecom Italia surged nearly 16% after reports that US private equity giant KKR was considering increasing offers to the company.

    In economic news, Germany’s ifo business climate index fell from 97.7 in October to 96.5 in November, peaked at 101.8 in June, and then declined for the fifth consecutive year.

    Contrary to INSEE’s expectations of weakening preliminary data from the Statistics Bureau, business confidence in France improved in November. The Composite Business Confidence Index has risen from 107 to 109 logged in to each of the last two months. Economists expected reading to be relaxed to 106.

    According to data from the Confederation of British Industry’s Industrial Trends Survey, UK manufacturers predict that orders have surged the most since recording began in 1977, with production accelerating in the next three months.

    Orderbook balances rose from 9% in October to 26% in November. This was the highest score since April 1977.

    The balance of export orders was + 3% compared to -7% last month. The purchase order has been strengthened at the fastest pace since March 2019.

    According to US economic news, the first claim for unemployment has fallen to its lowest level in more than 50 years of the week ending November 20th, according to a report from the Ministry of Labor.

    Initial unemployment claims fell to 199,000, down 71,000 from the previous week’s revised level of 270,000, according to the Ministry of Labor. Economists expected unemployed claims to drop from the 268,000 originally reported last week to 260,000.

    Contact for comments and feedback: editorial@rttnews.com

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    European stocks close with mixed notes

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    The post European stocks close with mixed notes appeared first on Eminetra.

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