European Market Outlook - 21 July 2021

On Tuesday, after plunging substantially in the previous However, due to enterprises' adequate liquidity buffers and session due to rising concerns about the spread of the the projected recovery in revenues given the better delta version of the coronavirus in numerous nations, economic environment, their working capital financing European markets rallied owing mostly to bargain hunting. needs remained unchanged, according to the poll.

The Stoxx 600 index in Europe rose 0.52 percent. The Higher consumer confidence, favourable housing market FTSE 100 in the United Kingdom increased by 0.5 percent, forecasts, and low general interest rates all contributed to the DAX in Germany increased by 0.56 percent, the CAC a substantial increase in house loan demand in the second 40 in France increased by 0.87 percent, and the SMI in quarter. Switzerland increased by 0.7 percent. “Despite a dramatic increase in COVID-19 infections in the The benchmark SMI concluded the day with a gain of UK, broad-based immunizations are keeping 83.60 points, or 0.7 percent, at 11,945.68, after spending hospitalisation rates low. As a result, the Delta variant's the whole day in positive territory. market influence in rich markets may be fleeting.”

Rolls-Royce Holdings, , JD Sports Travel-related equities have been hammered by growing , , Scottish Mortgage, ITV, infections across the continent and last-minute revisions to ABRDN, , and WPP all saw gains of 2 to 3.5 travel laws, and Europe's travel & leisure index has fallen percent in the UK market. substantially from its April record highs.

Alstom gained roughly 4% in the French market after posting a 146 percent increase in first-quarter sales to 3.7 billion euros.

After BHP Group and Anglo American provided encouraging production data, miners led the gains, climbing 1.6 percent.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Alfa Laval AB kr335.00 7.96% Ambu A/S Series B kr.218.70 -8.03%

UBS Group AG CHF14.06 5.32% Electrolux AB Series B kr222.40 -6.40%

Just Eat Takeaway.com Meggitt PLC 416.50p 4.91% €66.39 -5.25% N.V.

Assa Abloy AB Series B kr278.20 4.27% Sweco AB Series B kr133.20 -4.72%

TechnipFMC PLC €6.39 3.84% HelloFresh SE €80.14 -4.16% European Market Outlook - 21 July 2021

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