European Market Outlook - 9 June 2021

European Market Outlook - 9 June 2021

European Market Outlook - 9 June 2021 Investors studied the latest batch of economic data from the euro Faurecia, Valeo, Credit Agricole, Societe Generale, BNP Paribas, area and looked ahead to U.S. inflation data due on Thursday as Veolia, and Sanofi all had a 1 to 3 percent drop in their stock European markets closed moderately higher following a cautious prices. Thyssenkrupp, Merck, Vonovia, RWE, E.ON, and SAP all afternoon on Tuesday. Although investors remained upbeat about closed with strong to moderate increases in the German market, the global economy, market activity remained sluggish as investors while Covestro, Volkswagen, Daimler, and Lufthansa all finished worried that any significant increase in U.S. inflation would compel drastically lower. the Federal Reserve to consider curtailing its bond-buying programme. The Stoxx 600 index in Europe rose 0.1 percent. The FTSE 100 in In economic news, Destatis statistics showed that German industrial the United Kingdom rose 0.25 percent, while the CAC 40 in output fell 1% month over month in April, reversing a revised 2.2 France up 0.11 percent, while the DAX in Germany fell 0.23 percent increase in March. Economists had predicted a 0.5 percent percent. The SMI in Switzerland increased by 0.23 percent. gain. In June, the ZEW Indicator of Economic Sentiment fell to 79.8 Thungela Resources (TGA.TO) gained over 30% in the UK from 84.4 the month before. It was predicted that the score will rise market. Intermediate Capital Group increased by 5.9%. to 86.0. The current economic condition was rated much better than Intercontinental Hotels, Whitbread, Entain, Just Eat Takeaway, a month ago, with the score rising to -9.1 from 40.1. Smith DS, Schroders, Antofagasta, and Ocado Group all increased by 2 to 4%. Aviva's stock soared after activist investor Cevian Capital According to data from the British Retail Consortium, retail sales in announced it had amassed a nearly 5% position in the insurer. the United Kingdom climbed significantly in May as a result of the Taylor Wimpey, Smith & Nephew, IAG, Melrose Industries, Lloyds removal of limitations connected to the coronavirus outbreak. In Banking Group, Barratt Developments, M&G, Admiral Group and May, total sales increased 10% year over year, while like-for-like Barclays Group lost 1 to 2%. Unibail Rodamco increased its sales increased 23.7 percent. market capitalization by roughly 6% in France. Accor increased by around 3%. Technip, Legrand, Dassault Systemes, Kering, Hermes International, and Schneider Electric all increased their market capitalization. Top Gainers Top Losers Company Last Price Change% Company Last Price Change% WFD Unibail Rodamco 78.14 +5.92% Koninklijke KPN 2.602 -4.30% Intermediate Capital 2,283.00 +5.89% Bank Ireland 5.15 -3.92% Nel ASA 17.32 +5.67% Porsche 97.360 -3.79% Flutter Entertainment 13,715.0 +3.98% Elekta B 125.16 -3.29% InterContinental 5,166.0 +3.86% K&S AG 11.678 -3.26% European Market Outlook - 9 June 2021 Disclaimer and General Advice Instructions: This document is provided by Laverne Securities Pty Ltd T/as La Verne Investing the Corporate Authorized Representative No. CAR No. 001269781 of La Verne Capital Pty Ltd AFSL 482937. The Research Analyst who prepared this report/article hereby certifies that the views expressed in this document accurately reflect the analyst’s personal views about the Company and its financial products. The information provided in the Report/Article is provided by Morningstar and FactSet. La Verne Fund is not a fund manager, however, the portfolio and the document is for general advice only, prepared by the Analysts and Research team for our clients. This report/article have Different Assumptions, Views, Analytical Method of the analyst with no guarantee of reliability and accuracy of the content. The Research Analyst has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific recommendations or views in this report/article. La Verne Securities has its own Research methodology, with regards to the rating and is confirmed by the team for long term Strategic rating of the concerned security as an Investment for Portfolios with High Growth High Risk Profile. Individual Stock is Speculative and of High Risk in nature and strongly This Document is provided for the Advisors, their Clients, and Financial Professionals for information only and should not be considered an offer or solicitation of an offer to buy or sell a particular security or financial product or instrument. The information or services provided in this report/article may not be suitable for you and we strongly recommend taking the advice of your Financial Planner or Investment advisors. Laverne Investing will not treat the recipients as its customer by virtue of their receiving the report/article and should seek the advice of their consultant, prior to making any investment decision considering this report/article.

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