Europe is divided. Technology and utilities drive gains at Stoxx 600
The Stoxx 600 is gaining value at this point, after recording five consecutive sessions in red. The index, which includes the largest listed European companies, rose 0.43% to 471.57 points.
The technology sector is leading the gains on the Stoxx 600, after yesterday it witnessed a significant decline. This morning, the technology sector companies included in this index rose by 1.49 percent, followed by the utilities sector companies, which rose by 0.82 percent.
The vast majority of the Stoxx 600 segments are in positive territory, but oil and gas, retail and primary resources companies are fleeing this positive trend. At a time when oil is falling, oil and gas companies are down 0.45%, while retail companies are down 0.5%.
DCC is the most valuable company on the Stoxx 600, up 6.43% after announcing the $610 million acquisition of Almo.
Among the major European indices there are gains and losses. While the PSI-20 was up 0.1%, the Spanish IBEX was down 0.29% and the FTSE was down 0.2%. Germany’s DAX rose 0.35% and France’s CAC 40 led 0.7% higher. In Amsterdam there was an increase of 0.38% and in Italy it was 0.67%.
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