European equities close at record high on strong balance sheets

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Though tech stocks tumbled as fears of increased competition weighed on online food delivery papers, the European stock market closed at a record high on Wednesday (10) after companies in the media and energy sectors reported positive results in your financial statements.

The FTSEurofirst 300 index rose 0.27% to 1,872 points, while the pan-European STOXX 600 index gained 0.22% to 484 points.

Media and energy stocks were among the biggest highs. British broadcaster ITV jumped 15.1% after projecting record ad revenue this year.

Bank shares rose 0.5%, following bond yields, after data showed that inflation in the United States rose more than expected.

Technology papers were the biggest losers, down 1.3%. Semiconductor maker Infineon lost 1.2 percent even after surpassing its quarterly sales estimate as investors worried about a global chip shortage.

Online food delivery stocks HelloFresh and Just Eat lost 0.4% and 3.3% respectively after US-based DoorDash said it would buy Finnish rival Wolt Enterprises in a deal valued at around 7 billion of euros.

  • In London, the Financial Times index rose 0.91%, to 7,340 points;
  • In Frankfurt, the DAX index rose 0.17% to 16,067 points;
  • In Paris, the CAC-40 index gained 0.03% to 7,045 points;
  • In Milan, the Ftse/Mib index appreciated 0.44%, to 27,561 points;
  • In Madrid, the Ibex-35 index rose 0.74%, to 9,141 points;
  • In Lisbon, the PSI20 index gained 0.38% to 5,704 points.

Reference: CNN Brasil

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