European stocks remain strong

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After struggling for direction until mid-afternoon, European stocks rebounded in the last hour, ending with a solid note on Wednesday. coronavirus Cases in some countries.

Volume jobs It was thin for the upcoming Christmas holidays.

Encouraging economic data from the United States and recent announcements from Moderna Inc on the effectiveness of boosters of its Covid-19 vaccine helped raise emotions.

AstraZeneca said on Tuesday that it began researching Oxford-specific vaccines, alongside Oxford University.

Investors have also responded to news that the British government has promised £ 1 billion ($ 1.3 billion) to a company hit by the new Covid-19 variant, reaching an agreement with Senator Joe Biden. US President Joe Biden’s statement that it is still possible is a better bill through the $ 2 trillion buildback Congress.

The Pan-European STOXX 600 rose 0.92%. The UK FTSE 100 rose 0.61%, the German DAX rose 0.95%, the French CAC 40 rose 1.24% and the Swiss SMI rose 0.25%.

Above all market Europe, Austria, Belgium, the Czech Republic, Denmark, Finland, Iceland, Ireland, the Netherlands, Poland, Russia, Spain and Sweden closed with sharp to moderate rises.

Greece ended at a slightly higher price. Norway and Portugal rose slightly, but Turkey fell sharply, increasing losses from the previous session.

In the UK market, Dechra Pharmaceuticals rose nearly 4.5%. Rolls-Royce Holdings was up 3.3%. IHG, RightMove, Taylor Wimpey, ICP, Whitbread, Informa, Persimmon, Electrocomponents, Halma, Compass Group, ITV, Auto Trader Group, Aveva Group, and Barratt Developments increased by 2-2.7%.

Rentokil Initials have decreased by more than 2.5%. Pershing Square Holdings, Rio Tinto, Vodafone Group, Fresnillo and Pearson also closed weakly.

In the French market, Airbus has risen by more than 4%. CapGemini increased by about 3.6% and Safran, Atos, Dassault Systemes, Essilor, LVMH, Vinci, STMicroElectronics, Teleperformance, Thales, Accor, Unibail Rodamco and Saint Gobain increased by 1.5-3%.

In Germany, Sartorius, Siemens Healthineers, MTU Aero Engines, Puma, Daimler, Brenntag, Adidas, Fresenius Medical Care and Zalando increased by 1-4%.

Delivery Hero shares soared after the company announced that it would shrink its food panda business in Germany and sell its subsidiary, Japan Unit.

In the economic release, the revised data is from the UK Economy It hasn’t expanded more than expected in the third quarter. Gross domestic product increased 1.1% quarter-on-quarter from a previously estimated 1.3%. This follows a revised increase of 5.4% in the second quarter.

GDP levels fell below 1.5% for precoronavirus in the fourth quarter of 2019, down from the previous estimate of 2.1%. Annual GDP in 2020 fell by 9.4%, revised from minus 9.7% in the first quarter.

France’s producer inflation accelerated in November, rising 15.2% in October and then rising 17.4% each year, according to data from the Bureau of Statistics Insee. This increase was primarily due to a 98.4% increase in the prices of coke and refined petroleum products.

On a monthly basis, domestic producer prices rose 3.5% in November, surpassing the 2.9% rise in October.

Contact for comments and feedback: editorial@rttnews.com

Market analysis

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European stocks remain strong

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