Thursday , July 29 2021

The European suitcases increase at noon; euro slows downward

In part-time operations, Most stock markets in Europe They recovered ground after being pressured by a collapse of technology titles on Wall Street.

The profits occurred after the hope that a deceleration in the Sino-American tariff war would eclipse the fears of the previous session about the possible fall of technological actions after Apple's suppliers cut their forecasts.

The high European index Stoxx-600 wins 0.25 percent, despite the major Wall Street indexes that recorded significant losses on Monday.

In London, the FTSE-100 index falls by 0.08 percent, while Paris CAC-40 rises by 0.1 percent; In Frankfurt, the DAX-40 index earns 0.45 percent; the Ibex-35 of Madrid adds an increase of 0.29 percent and in Milan the index advances by 0.14 percent.

By contrast, the Zurich stock market falls 0.06 percent in its SMI index and the PSI in Lisbon loses 0.8 percent.

The telecommunications sector SXKP is the main winner in Europe on Tuesday, reaching its highest level since August 24, with an increase of 1.8 percent, driven by the commitment of Vodafone to reduce operating costs. While the political risks in Europe helped the dollar because investors eliminated assets of greater risk.

The trade war between China and the United States and the risks to Brexit and the budget dispute between Italy and the European Union also cause concern. Volatility is increasing again.

In the foreign exchange market, the British pound was valued at half a percentage point, up to $ 1,2917, after the British minister said that an agreement on Brexit with the European Union is still possible in the next 24 or 48 hours.

A growing dispute over the Italian budget has affected the euro in recent days, but the currency has appreciated 0.1 percent to $ 1,1234 and moved away from the 16-month low.

With information from Reuters and Notimex.

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