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 Takeaway.com 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
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
