Economic news

Europe’s indexes mostly up ahead of EU leaders’ summit

European stock markets mostly rise on Tuesday, meanwhile the market sentiment is cautious ahead of a large number of events scheduled for this week.

european indexes mixed 0904Photo: Reuters

The most part of European indices managed to regain early losses on Tuesday. Thus, the pan-European index Stoxx 600 added 0.14 percent and amounted to 388.05 points  at 11.49 GMT.

  • France’s CAC 40 increased by 0.07 percent, to 5,475.77;

  • Germany’s DAX, sensitive to trade weakened by 0.09 percent to 11,952.18;

  • Italy’s FTSE MIB rose by 0.32 percent to 21,841.32;

  • Spain’s Ibex 35 jumped 0.45 percent to 9,480.10;

  • UK’s FTSE 100 tried to recover 0.04 percent to 7,454.90.

Shares of the aircraft manufacturer Airbus were down 1.81 percent after the U.S. trade representative proposed introducing tariffs for the list of goods from the EU, including large commercial aircraft and parts.

Shares of Airbus suppliers (Safran, Leonardo and Dassault) dropped from 0.7 percent to 1.24 percent at 11.55 GMT.

The market participants’ primary focus is on the trade summit between the European Union and China, which will be held on Tuesday,  later. The bloc will make attempt in the course of these negotiations to persuade Beijing to open its markets.

The EU summit on the Brexit data delay is planned for the next day, on Wednesday.


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