European Market Outlook - 2 June 2021
On Tuesday, European markets ended on a positive note, Faurecia, Accor, Technip, Sodexo, Air France-KLM, Valeo, Total, with numerous benchmark indexes setting new all-time ArcelorMittal, Publicis Groupe and Credit Agricole gained 3 to highs amid growing confidence about the global economic 5.6%. In Germany, Daimler shares rose sharply after the automaker recovery. China's economic statistics, as well as industrial and Finland's Nokia Corp. signed a patent licensing agreement. activity and inflation statistics from the eurozone, were Under the deal, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return. Continental, stronger than expected, boosting confidence. BMW, Thyssenkrupp, Lufthansa, BASF and Vonovia gained 2 to 4%. HeidelbergCement, Siemens, MTU Aero Engines, Covestro and Deutsche Telekom also rose sharply. The Stoxx 600 index in Europe rose 0.75 percent. The In economic news, Eurozone manufacturing activity FTSE 100 in the United Kingdom increased by 0.82 expanded at a record pace in May despite supple percent, the DAX in Germany increased by 0.95 percent, bottlenecks, a survey showed. IHS Markit's final the CAC in France increased by 0.66 percent, and the SMI Manufacturing Purchasing Managers' Index (PMI) rose to a in Switzerland increased by 0.63 percent. Austria, Belgium, new record high of 63.1 in May from April's 62.9. This was Czech Republic, Denmark, Finland, Ireland, Netherlands, up from a prelim 62.8. Inflation in the region hit its highest Norway, Portugal, Russia, Spain, Sweden, Turkey, and level since October 2018 as COVID-19 restrictions across Ukraine, among other European markets, closed higher. Europe were scaled back, Eurostat said.
Following a strong rise in commodity prices, mining and Consumer prices in the 19 countries sharing the euro energy equities were in high demand. Anglo American Plc, reached 2%, beyond the target of the European Central Antofagasta, Rio Tinto, WPP, BHP Group, Weir Group, Bank. Evraz, Intermediate Capital Group, Pearson, Glencore, BT Group, BP, Johnson Matthey, Admiral Group, Royal Mail, IHG and United Utilities gained 2.5 to 4%. HSBC Holdings, Burberry Group, AstraZeneca and Standard Chartered ended notably lower.
Top Gainers Top Losers
Company Last Price Change% Company Last Price Change%
Tullow Oil 55.96 +9.08% CD PROJEKT 153.41 -9.14%
Aker BP 257.80 +5.66% SES 6.66 -5.72%
Subsea 7 85.66 +5.65% Nel ASA 17.14 -5.30%
Faurecia 46.70 +5.58% Holmen 385.89 -3.80%
IWG 380.00 +5.56%
European Market Outlook - 2 June 2021
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