European Market Outlook - 22 July 2021

European stock markets ended the day higher on The European Central Bank is expected to maintain its Wednesday, boosted by positive earnings reports from a dovish tone at its policy meeting on Thursday, according to number of well-known European and American investors. It announced a new approach earlier this month, corporations. Concerns over the spread of the COVID-19 in which it will tolerate greater inflation while aiming for 2%. delta variant caused travel and leisure companies to bounce following a recent streak of losses. The UK budget deficit shrank in June as the economy recovered, but borrowing was the second largest on record The Stoxx 600 index in Europe increased by 1.65%. The for the month, according to the Office for National FTSE 100 in the United Kingdom increased by 1.7 percent, Statistics. while the DAX in and the CAC 40 in increased by 1.36 percent and 1.85 percent, respectively. Due to deterioration in the balances of goods and services The SMI in Switzerland increased by 0.64 percent. and the secondary income account, the current account deficit increased to EUR 6.17 billion, somewhat offset by a Sodexo's stock rose 5.8% in France. Safran, Publicis rise in the primary income account surplus. Groupe, Unibail Rodamco, Renault, , STMicroElectronics, and ArcelorMittal all saw their stock "Especially given the significant investment that the city prices rise by 3.4 to 5%. has made into safeguarding and restoring its heritage monuments," said Chris Capes, director of development at Technip, Accor, Credit Agricole, Air France KLM, Thales, Peel L&P's Liverpool Waters. BNP Paribas, Valeo, Vivendi, and Faurecia all saw significant increases. Comparision is fewer than 7,000 cases a day last week, a surge of 150%, as the highly contagious Delta variant MTU Aero Engines, , Thyssenkrupp, spreads throughout the country. RE, , Volkswagen, , , , Puma, , and all had gains of 2 to 4.5 percent in the German market.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Thule Group AB kr427.20 12.18% Corbion N.V. €44.12 -8.43%

Carnival PLC 1,465.40p 9.36% Sartorius AG Pfd. €469.30 -3.56%

Future PLC 3,504.00p 9.16% Telia Co. AB kr38.15 -3.43%

Rolls-Royce Holdings 97.00p 7.75% Royal Mail PLC 516.20p -2.71% PLC

Sartorius Stedim Next PLC 7,946.00p 7.47% Biotech S.A. €438.60 -2.64% European Market Outlook - 22 July 2021

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