• Major stock indices in Europe trading mixed

Noticias del mercado

31 agosto 2016

Major stock indices in Europe trading mixed

So far the stock indexes in Western Europe traded mixed and little changed registering growth for a second consecutive month.

Earlier today, data showed that German retail sales rose in July by 1.7%, beating expectations for a 0.5% rise after a 0.6% decline in the previous month. However, on an annualized basis, retail sales fell 1.5%.

At the same time, German unemployment dropped more than expected in August. The number of people out of work fell by 7,000 in August compared to July. Economists had forecast a decline of 5,000. At the same time, the unemployment rate remained stable at 6.1% in August. The result was in line with expectations. It was the lowest level since German reunification.

In addition, as shown by preliminary estimates from Eurostat, inflation in the eurozone remained stable in August. Inflation remained unchanged at 0.2%, while economists had expected the index to rise slightly to 0.3%. Inflation remains below the target level of the European Central Bank's' below but close to 2 percent since the beginning of 2013. Core inflation, which excludes energy, food, alcohol and tobacco decreased slightly to 0.8% from 0.9% in July. Core inflation was expected to remain at 0.9%.

Today, market participants are preparing for the release a report for US ADP emplyment data in search of additional signals on the strength of the economy.

On Tuesday, Fed Vice President Stanley Fischer said that the labor market gained almost full capacity, and the rate of increase of the interest rate will depend on the statistical data.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0,2% - to 345.48 points.

Price of Commerzbank AG Bank shares jumped 4.7% on media reports that Germany's biggest bank Deutsche Bank planned to acquire its rival. DB securities increased by 2%.

European banks in general, complete a record month of growth since January 2015, since the first time in a long while quarterly profit of most of them was better than forecasts.

Shares of Anglo American Plc dropped in price by 3%. Earlier, analysts of Clarksons Platou Securities warned that iron ore prices experienced downward pressure.

The Swiss manufacturer Straumann Holding AG lost 4.5% of capitalization on news that its largest shareholder GIC Private Ltd. reduced its stake in the company.

Shares of French mobile operator Iliad rose by 1.9%. The company raised its profit and revenue in the 1st half of the year due to the increase in the number of subscribers.

Shares of Airbus Group grew by 1.2% after the company said that more planes than in the same period of last year were delivered, increasing their chances of achieving their goal for 2016 after previous delays in the supply of parts .

Shares of ARM Holdings rose 0.1% after shareholders approved the offer of $ 32 billion from the Japanese SoftBank Group Corp.

At the moment:

FTSE 6808.11 -12.68 -0.19%

DAX 10638.85 -18.79 -0.18%

CAC 4483.36 25.87 0.58%

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