Stock markets in Europe closed higher with the focus on positive indicators in general

Published on 7/23/2021 2:05 PM

(Credit: BRYAN R. SMITH/AFP)

Stock markets in Europe closed higher on Friday, 23. Investors evaluated the data from the region, generally positive, also in the midst of the corporate balance sheet season.

The Pan-European Stoxx 600 Index closed 1.09% higher at 461.51 points, up 1.49% in the weekly comparison.

On the docket of indicators, the Eurozone PMI rose from 59.5 in June to 60.6 in July, the highest in 252 months, according to IHS Markit. The preliminary data beat expectations of 59.9 analysts interviewed by The Wall Street Journal.

In the UK, retail sales grew 0.5% in June compared to May, contrary to analyst expectations of a 0.6% decline. The country’s composite PMI fell to 57.7 in July, a breathlessness that Capital Economics said was no surprise after earlier strong gains, but the advisory also commented in a report that there were signs of a shortage of products and hands. Business begins to contain. activity. For ING, the data points to a certain stagnation in the country, with a rise in coronavirus cases. On the London Stock Exchange, the FTSE 100 index closed up 0.85%, at 7,027.58 points. On the week, it was up 0.28%.

In Frankfurt, the DAX rose 1.00% to 15,669.29 points, gaining 0.83% for the week. Among the most heavily traded stocks, Deutsche Telekom rose 1.21% and E.ON rose 0.93%.

On the Paris Stock Exchange, the CAC 40 index rose by 1.35% to 6568.82 points. In the weekly comparison it rose 1.68%.

In Milan, the FTSE MIB gained 1.29% to 25,124.91 points, up 1.34% for the week. Today, Telecom Italia stock is down 0.77%, but Intesa Sanpaolo is up 1.53% and UniCredit is up 1.78%.

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On the Madrid Stock Exchange, the IBEX 35 index rose 1.11% to 8717.20 points, up by 2.48% during the week. In Lisbon, the PSI 20 index rose 1.21% to 5,075.81 points, gaining 0.91% for the week.

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About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

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