European Market Outlook - 06 September 21

European stocks closed lower on Friday, weighed down Eurozone private sector logged another robust growth in by some disappointing regional economic data, and a August but the momentum dropped slightly from July's report showing a much smaller than expected increase in 15-year peak as per IHS Markit. U.S. jobs growth in the month of August. The final composite output index fell to 59.5 in August The Stoxx 600 index dropped by 0.56% and ended at from 60.2 in July, which was the highest since June 471.93. The U.K.'s FTSE 100 ended 0.36% down, 2006. Germany's DAX slid 0.37% and France's CAC 40 tumbled 1.08%. Switzerland's SMI lost 0.65%. The composite PMI reading for U.K. fell to 54.8 in August from 59.2 in July. Among other markets in Europe, Belgium, Denmark, Greece, Netherlands, Norway, Poland, Portugal, Spain, Eurozone retail sales fell 2.3 percent over the previous Sweden and Turkey closed weak. month in July, the EU's statistics agency Eurostat said - coming in below forecasts for a 0.2 percent rise. Austria and Finland edged down marginally, while Czech Republic, Iceland, Ireland and Russia ended higher. With reference to US job growth, despite the much weaker than expected job growth, the unemployment In the UK market, shares ended more than rate fell to 5.2% in August from 5.4% in July, matching 4% down. IAG, Rolls-Royce Holdings, , IHG, economist estimates. Intermediate Capital Group, , , , M&G, , BP and Pearson Plc Concerns about the possible impact of the continued lost 1 to 2.5%. surge in the Delta variant of coronavirus on global economic recovery also contributed to the weakness in Fresnillo climbed 3.5%. Melrose Industries, Flutter the markets. Entertainment, Benckiser, , B&M and gained 1 to 2.3%.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Allfunds Group PLC €16.73 11.66% Adevinta ASA kr167.00 -6.39%

IG Group Holdings PLC 872.50p 3.75% Ocado Group PLC 2,005.00p -4.07%

Idorsia Ltd. CHF23.24 2.65% Ashmore Group PLC 378.80p -4.05%

Centrica PLC 53.50p 2.41% Dechra 5,085.00p -3.69% Pharmaceuticals PLC

Melrose Industries PLC 188.50p 2.31% Temenos AG CHF139.45 -3.63% European Market Outlook - 06 September 2021

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