European stock exchanges closed with mixed signs, with the ‘look’ in Brussels

Major European stock exchanges closed Thursday with mixed results, with investors in the Old Continent closely monitoring developments in Ukraine and the “key” meetings of the leaders of NATO, European Union and G7 member states. which have taken place or are taking place in Brussels since the morning.

On the board, the pan-European index Stoxx 600 fell marginally by 0.04%, to 453.82 points, losing the gains it had recorded earlier. Shares of the retail sector fell by 1.4%, leading the losses, while the telecommunications sector “added” 1%. The other pan-European index, Eurostoxx 50with the “heavy papers” of the eurozone, lost 0.14%, to 3,863.95 points.

The German DAX lost 0.05%, to 14,277.20 points, with the French CAC 40to decline by 0.39%, to 6,555.77 points, while the British FTSE 100 gained 0.10%, to 7,467.97.

In the periphery, the Italian FTSE MIB gained 0.45%, to 24,407 points, while the Spanish IBEX 35 lost 0.24%, to 8,308 points.

Successive summits of Western leaders and their allies in Brussels inevitably set the tone for the day, with Russia’s war against Ukraine at the top of the agenda. US President Joe Biden attends all summits, either as a participant or as an observer, while Ukrainian President Volodymyr Zelensky addressed the NATO Summit via teleconference.

Daimler Truck and Poste Italiane announced results earlier in the day.

Shares of Daimler Truck gained more than 7%, with the German truck and bus company noting that it expects little impact on its business from the Russian invasion of Ukraine and the course of the Covid-19 pandemic.

At the top of the Stoxx 600, the British investment Bridgepoint saw its share record a “jump” of 10% after the announcement of a significant increase in profits and income for 2021 and the dividend it will provide.

At the bottom of the Stoxx 600, the German Kion Group saw its share fall by 12%.

In macroeconomic data, business growth in the euro area and the United Kingdom outperformed forecasts in March, according to PMI data released earlier today.