Connect with us

Stock Markets

Germany stocks mixed at close of trade; DAX down 0.38%

Published

on

Germany stocks mixed at close of trade; DAX down 0.38%
© Reuters. Germany stocks mixed at close of trade; DAX down 0.38%

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower.

At the close in Frankfurt, the lost 0.38%, while the index fell 0.15%, and the index added 0.51%.

The best performers of the session on the were Zalando SE (DE:), which rose 4.37% or 3.60 points to trade at 85.90 at the close. Meanwhile, HelloFresh SE (DE:) added 3.38% or 3.08 points to end at 94.16 and Sartorius AG VZO O.N. (DE:) was up 2.24% or 12.600 points to 574.800 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:), which fell 4.62% or 0.525 points to trade at 10.830 at the close. Airbus Group SE (DE:) declined 3.41% or 3.86 points to end at 109.48 and MTU Aero Engines NA O.N. (DE:) was down 2.88% or 5.38 points to 181.22.

The top performers on the MDAX were Carl Zeiss Meditec AG (DE:) which rose 3.31% to 187.400, Nemetschek AG O.N. (DE:) which was up 2.77% to settle at 113.250 and TeamViewer AG (DE:) which gained 2.47% to close at 13.05.

The worst performers were Telefonica Deutschland Holding AG (DE:) which was down 4.84% to 2.397 in late trade, Fraport AG (DE:) which lost 4.38% to settle at 59.360 and Commerzbank AG O.N. (DE:) which was down 3.77% to 6.690 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:) which rose 3.31% to 187.400, Nemetschek AG O.N. (DE:) which was up 2.77% to settle at 113.250 and TeamViewer AG (DE:) which gained 2.47% to close at 13.05.

The worst performers were Telefonica Deutschland Holding AG (DE:) which was down 4.84% to 2.397 in late trade, Deutsche Telekom AG Na (DE:) which lost 1.34% to settle at 16.494 and 11 AG (DE:) which was down 1.06% to 26.140 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 430 to 277 and 65 ended unchanged.

The , which measures the implied volatility of DAX options, was up 6.34% to 17.62 a new 1-month high.

Gold Futures for December delivery was down 0.21% or 3.95 to $1857.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 3.65% or 2.86 to hit $75.55 a barrel, while the January Brent oil contract fell 3.41% or 2.77 to trade at $78.47 a barrel.

EUR/USD was down 0.47% to 1.1316, while EUR/GBP fell 0.27% to 0.8401.

The US Dollar Index Futures was up 0.31% at 95.838.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Stock Markets

Stats had a positive effect on the European stock market. European growth stocks

Published

on

european growth stocks

West European stock indexes closed Wednesday’s trading with a confident growth. Traders evaluated the fresh batch of statistics and bought European growth stocks.

What influenced European stocks to high growth?

GDP volume in France rose 0.2% in the third quarter compared to the previous three months, final data from the national statistics institute Insee showed. The final data coincided with a preliminary estimate. Analysts, on average, had not expected a revision, according to a Trading Economics survey. GDP growth slowed from a 0.5% rebound in the second quarter.

Consumer prices in France, harmonized with European Union standards, rose 7.1% year-over-year in November. Insee also reported. The November rate of increase in consumer prices coincided with that of October, and analysts polled by Trading Economics expected inflation to remain at the same level.

Consumer spending in the country collapsed by 2.8% in October compared with the previous month. Analysts polled by Bloomberg expected a more moderate decline of 1 percent. The consensus forecast of experts polled by Trading Economics envisioned a 0.6% decline. The decrease in consumer spending was the maximum since April 2021.

The number of unemployed in Germany increased by 17 thousand in November, according to the Federal Employment Agency of Germany. The rise in the index was marked at the end of the sixth month in a row. Experts interviewed by Bloomberg agency, on average, predicted an increase of 13.5 thousand. Respondents to Trading Economics expected an increase of 13 thousand.

Additional positives for investors in European markets on Wednesday were messages about easing of coronavirus restrictions in a lot of cities in China. Note that Amazon’s stock price is also rising if you are interested in the U.S. stock market.

Earlier, we reported that U.S. stock indices were up 2.2-4.4%.

Continue Reading

Stock Markets

U.S. stock indices today rose 2.2-4.4%

Published

on

U.S. stock indices today

The U.S. stock indices today closed the trading on Wednesday with the confident growth due to the statements of the Federal Reserve Chairman, Jerome Powell, who confirmed that the U.S. Central Bank could slow down the basic rate rise as early as in December.

Judging by the quotations of futures on the level of the prime rate, U.S. stock market indices expect the Federal Reserve to raise it by 50 basis points (bps) in December – to 4.25-4.5%. The U.S. Central Bank has increased the rate by 75 bps at each of the previous four meetings. Against this background, the current stock price of Facebook also rose.

The report by the industry organization ADP, published on Wednesday, showed a slowdown in job growth in the U.S. private sector. Their number increased by 127,000 in November, the lowest rate since January, said the ADP. Analysts polled by The Wall Street Journal on average had forecast job growth of 190,000 after a jump of 239,000 in October.

Data from the U.S. Commerce Department, also released Nov. 30, showed higher-than-reported growth in the U.S. economy in the third quarter. U.S. GDP grew at an annualized rate of 2.9% in the July-September quarter, rather than the previously reported 2.6%. Experts polled by Trading Economics had expected an average revision of 2.7%.

Also, the Federal Reserve released its regional Beige Book survey Wednesday, showing that economic activity in the United States was little changed in the fall.

Federal Reserve banks in five counties reported a weak increase in activity in October and November, while the other seven reported a stable or slightly declining economy.

  • The Dow Jones Industrial Average index was up 737.24 points (2.18%) at 34589.77 as of Wednesday’s market close.

  • Standard & Poor’s 500 rose 122.48 points (3.09%) to 4,080.11 points.

  • The Nasdaq Composite added 484.22 points (4.41%) to 1,468.

All three U.S. stock market indices closed November, with the Dow Jones gaining 5.3%; the S&P 500 gaining 4.6%, and the Nasdaq Composite gaining 3.3%.

Earlier we reported that Main European stock indices were rising during trading.

Continue Reading

Stock Markets

Main European stock indices rise in trading

Published

on

best european stock indices

Main European stock indices are rising during trading on Thursday. The Stoxx Europe 600 composite index of the largest companies in the region rose 0.58% to 442.60 points. German DAX is up 0.34%, British FTSE 100 is up 0.15%, French CAC 40 is up 0.01%, Italian FTSE MIB is up 0.47% and Spanish IBEX 35 is up 0.45%.

What affected the best European stock indices?

During a speech at the Brookings Institution on Wednesday, Powell reiterated that the Fed could slow the rise in the prime rate as early as December. “The time to moderate the pace of rate hikes may come as early as the next meeting,” Powell said. 

The Fed chair, meanwhile, tried to balance those words with “hawkish” signals. Market Watch notes. He said that the U.S. Central Bank will have to raise the rate higher than could be expected a few months ago. Moreover, Powell made it clear that the issue of rate cuts is irrelevant at the moment. By the way, his words influenced the growth of the current stock price of the NASDAQ-100

Another Fed official, Board of Governors member Lisa Cook said she believes the regulator needs to keep raising rates as inflation is still too high. “We’ve started to get more favorable inflation data. But I would be cautious about drawing big conclusions on just one month’s worth of data,” Cook said during a speech at the Detroit Economic Club.

Earlier, we reported on how European stock indexes were falling following Asian stock markets.

Continue Reading

Trending

©2021-2022 Letizo All Rights Reserved