empty
05.08.2021 07:33 AM
European stock markets rose as a result of trading

This image is no longer relevant

Britain's FTSE 100 rose 0.3%, Germany's DAX rose 0.9%, and France's CAC 40 rose 0.3%. Italy's FTSE MIB added 0.5%, while Spain's IBEX 35 gained 0.2%.

Investors' focus remains on the quarterly reporting season in Europe and the United States, as well as on the global incidence of COVID-19, given the rapid spread of the new delta strain.

The Dutch ASML, Europe's largest manufacturer of equipment for the production of chips, rose 2.9% by the end of the day. Infineon Technologies rose 4.4%, Austrian semiconductor manufacturer AMS rose 4.7%, SAP rose 1.2%.

The share price of Prosus N.V., which united the international Internet assets of the South African holding Naspers, increased by almost 3% thanks to the rise in the share price of China's Tencent Holdings, in which the share is the largest asset of Prosus.

Commerzbank AG shares fell 5.8% by the end of the day. The German bank recorded a net loss of € 527 million in the second quarter due to restructuring costs and write-offs.

"The restructuring of Commerzbank is in full swing, and we are unlikely to see its positive consequences earlier than in 2022, - experts say LBBW Research. - It is unlikely that the bank will discuss the payment of dividends or share buybacks until 2023."

Statistics released on Wednesday showed retail sales in the euro area rose 1.5% in June versus the previous month and 5% versus the same period last year. Analysts on average forecast an increase of 1.7% on a monthly basis and 4.5% on an annualized basis.

Retail sales were up for the second month in a row as COVID-19 restrictions eased in many countries in the region and increased demand.

The composite purchasing managers index (PMI) of 19 eurozone countries rose to 60.2 points in July 2021, up from 59.5 points in June, final data from the research organization Markit Economics show. Preliminary data indicated a value of 60.6 points.

The indicator of activity in the service sector of the eurozone in July jumped to 59.8 points from 58.3 points a month earlier. Earlier it was announced that the index had been raised to 60.4 points.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Wall Street surges: Nasdaq soars 2.74% as tech stocks drive market higher

Procter & Gamble and PepsiCo fell after cutting forecasts, while Hasbro and ServiceNow jumped following their earnings reports. March durable goods orders surged more than expected. Alphabet beat revenue expectations

12:52 2025-04-25 UTC+2

US Market News Digest for April 25

US stock indices closed higher for the third straight session, buoyed by a sharp rally in the technology sector. The Nasdaq surged 2.74%, driven by strong earnings reports from companies

Ekaterina Kiseleva 11:42 2025-04-25 UTC+2

Wall Street on the rise: Nasdaq soars 2.74%, tech leads market higher

Procter & Gamble, PepsiCo fall after forecast cuts Hasbro, ServiceNow jump after results March durable goods jump more than expected Alphabet beats revenue estimates, shares rise after hours Asian markets

Thomas Frank 07:15 2025-04-25 UTC+2

Earnings parade: From Adidas sneakers to Boeing jets, quarterly reports push the market

Indices up: Dow 1.07%, S&P 500 1.67%, Nasdaq 2.50% Bessent calls US-China tariffs unsustainable, Trump open to talks Tesla, Boeing rise after quarterly results European stocks fall as investors weigh

Thomas Frank 13:15 2025-04-24 UTC+2

US Market News Digest for April 24

US stock indices, including the S&P 500 and Nasdaq 100, posted solid gains on optimism about progress in trade negotiations. Despite the lack of a clear position from the White

Ekaterina Kiseleva 11:05 2025-04-24 UTC+2

Trump acts, markets react: Nikkei up 2%, USD rallies

The Nikkei surged more than 2%, S&P 500 futures extended their rally, and the dollar jumped after US President Donald Trump said he has no plans to fire Fed Chairman

12:35 2025-04-23 UTC+2

US Market News Digest for April 23

The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism

Ekaterina Kiseleva 12:17 2025-04-23 UTC+2

Trump says markets react: Nikkei up 2%, dollar strengthens, China awaits outcome

Nikkei jumps more than 2%, S&P 500 futures continue rally Dollar jumps as Trump says he has no plans to fire Powell Hopes for China tariff easing, but no deal

Thomas Frank 10:52 2025-04-23 UTC+2

US Market News Digest for April 22

The S&P 500 and Nasdaq 100 continue to slide as mounting concerns over slowing economic growth and the impact of trade tariffs weigh on sentiment. The market remains volatile, with

Ekaterina Kiseleva 11:13 2025-04-22 UTC+2

Trump, Fed, and gold at $3,000? Markets respond to alarming signals

Investors are worried about the Fed's independence under Trump. US assets are falling, and the dollar is at a three-year low against the euro. Safe-haven currencies like

11:46 2025-04-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.