Thursday , July 29 2021

Western European markets closed in minus

The FTSE100 index in London was 0.73 percent, with DAX-30 in Frankfurt 1.79 percent and the CAC-40 index in Paris fell 0.93 percent.

EuroStoxx50 closed its Monday with a 1.11% decline in corporate aggregates from the euro area.

In Europe, no significant market power was reported on Monday.

The mood of investors worsened by the debate between Italy and the European Commission due to the 2019 budget plan. At the end of October, the European Commission rejected the Italian budget bill and modified the time until November 13 to comply with the previous recommendations of the EU and Roman commitments.

Concerns were further aggravated by the weakness of the Italian banking sector. On Monday, the stock market of Carige Bank shares was suspended on Monday, after news that 400 million euros would be needed to offset capital shortages.

Among the big companies, SAP and Infineon were significantly undermined by rumors of investments. According to estimates by some analysts, the Qualtrics consumer monitoring company is at a high price, and the demand for Infineon products is also worried by investors.

The loss of Monday trade was the tobacco industry with the technology sector. The stock of tobacco stocks responded to the news that the United States is preparing for the ban on selling menthol cigarettes. The news was affected by the participation of British American Tobacco, its negotiation price closed at more than 10.5 percent.

Oil prices rose rapidly on Monday after the Saudi Ministry of Energy announced that the decline in world demand, according to OPEC and its partners, justified a reduction of one million barrels in production per day.

At the end of the European stock market, the price of North Brent oil per barrel cost 79 cents per barrel, $ 70.97.

At the same time, the DJIA index of the 30 leading companies in the New York Stock Exchange industry was 1.55 percent, and the S & P500 index, which included a greater variety of shares, was 1.30 percent less, while that the NASDAQ Composite Index of Technology posted a 2.09 percent decline.

The price of gold per ounce fell 0.18 percent to $ 2.20 to $ 1204.20.

In the international foreign exchange interbank market, $ 1,1251 was sold for one euro after $ 1,1266 in the afternoon at four in the morning.


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