• Major stock indices in Europe trading mixed in a quiet session

Market news

18 July 2016

Major stock indices in Europe trading mixed in a quiet session

European stocks traded mixed on the news of the failure of the military coup in Turkey and M&A deals.

Investors are cautiously watching developments in Turkey after the failed attempt of a military coup last weekend.

On Sunday, the Turkish government announced the full restoration of control over the country and the economy after the collapse of an alleged military coup on Friday evening to overthrow President Erdogan.

Over the weekend, the government arrested some 6,000 military and judges, who are suspected of involvement in the coup

At the same time, oil prices traded without major dynamics, fluctuating between growth and decline, amid signs of continued recovery of drilling activity in the US.

The composite index of Europe's largest enterprises Stoxx 600 rose by 0.14% - to 338.39 points.

Quotes of British ARM Holdings jumped 43%, as the Japanese mobile operator SoftBank bought the company for $ 32 billion, which means a premium on close of trading last Friday, about 43%.

Shares of oil services group SBM Offshore, based in the Netherlands, grew by 12% after reaching an agreement on the settlement of an investigation of bribery in Brazil.

The price of shares of the largest Italian bank Unicredit SpA increased by 3%, Intesa Sanpaolo - by 1.6%.

Norwegian Marine Harvest ASA, the world's leading producer of Atlantic salmon, added 2.4%. The company expects to reduce the catch of fish this year, which is likely to lead to further price increases, which, in June, updated the historical maximum.

At the same time the market value of the Swedish Ericsson AB decreased by 2.9%. According to the newspaper Svenska Dagbladet, Ericsson, probably overstated revenue figures.

The course of the securities of the largest operator of container traffic in Germany's Hapag-Lloyd AG fell by 10% due to the announcement of the expected reduction of profit in 2016.

At the moment

FTSE 6692.39 23.15 0.35%

DAX 10057.54 -9.36 -0.09%

CAC 4360.68 -11.83 -0.27%

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