Euro markets limited losses in the afternoon

The attempt to react in the afternoon failed to bring positive signs to the main European markets, but it limited the day’s losses to a great extent, with the indices finally ending their trading with a small fall.

In particular, the pan-European index closed trading at 436.08 points with a drop of 0.32%, under pressure from the financial sector which ended at -1.7%.

In individual European charts, Germany’s DAX moved to 13,449 points, down 0.23%, France’s CAC 40 lost 0.4% to end at 6,409 points, while Britain’s FTSE saw marginal losses of just 0.06% to close at 7,409 points. .

In the European region, the Italian FTSE MIB finished at 22,351 points with losses of 0.35%, while the Spanish IBEX was the only one that managed to successfully complete the reaction attempt, closing with small gains of 0.15% at 8,906 points.

Corporate results remain the focus of investors’ attention, with BP announcing today that its earnings were further strengthened in the second trimester, with the energy giant increasing both its dividend and share buybacks.

In the wake of the results, BP’s stock moved up +2.8%.

Conversely, Man Group even though achieved a significant increase in pre-tax profits for 2021 saw its stock post a hefty 7.8% loss.

Italy’s leading insurer Assicurazioni Generali has announced half-year earnings that exceeded estimatesbut its stock also traded down 1.9%.

Siemens Gamesa announced expanded net salesamid increased costs and supply chain issues, and finished trading slightly down 0.5%.

Moeller-Maersk upgraded her outlook as fares continue to rise and moved with gains of 2%.

Dutch chemicals company OCI topped the Stoxx 600, rallying more than 7% after its strong results announcement.

Elsewhere, investors’ eyes have also turned to geopolitical tension in Asia, as US House Vice Speaker Nancy Pelosi landed in Taiwan, defying China’s warnings.

China’s foreign ministry spokesman had previously said a possible visit by Pelosi would “lead to outrageous political consequences”, while in the first reaction since Pelosi arrived in Taipei, Beijing said the visit would seriously harm peace and stability in the Taiwan Strait. .

Source: Capital

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