(RTTNews) – European stocks posted a mixed performance on Friday, as investors were largely cautious, reacting to quarterly earnings announcements and news about the virus epidemic in China and its likely impact on the global economy.
The pan-European Stoxx 600 finished down 0.13%. Among the main European markets, the United Kingdom finished sharply lower, its benchmark FTSE 100 falling by 0.58%. The French CAC 40 lost around 0.39% and the German DAX fell 0.01%, while the Swiss SMI closed up 0.33%.
Among other markets in Europe, Austria, Denmark, Greece, Iceland, Norway, Spain and Sweden closed with modest gains.
The Czech Republic, Italy, Poland, Russia and Turkey closed weakly, while Belgium, Finland, Ireland, the Netherlands and Portugal finished flat.
In France, Kering, Airbus Group, ArcelorMittal, Peugeot, Louis Vuitton, STMicroElectronics, L’Oréal and Crédit Agricole lost 1 to 3%.
In contrast, Unibail Rodamco gained almost 3%. Bouygues earns around 2.2%. Engie, Capgemini, Carrefour, Sodexo, Danone and Vinci increased from 0.75 to 1.5%.
On the German market, the Wirecard share fell 3.4%. Infineon, Volkswagen and BMW finished down 1 to 1.25%, while MTU Aero, Vonovia, Fresenius, RWE and E.ON gained 1 to 2%.
In the British market, Informa, Land Securities, Pearson, Legal & General and British Land gained 2 to 3%.
The Royal Bank of Scotland plunged nearly 7% after the bank lowered its medium-term yield target after reporting an increase in annual profits.
NMC Health’s shares were down 5.2%. Astrazeneca Pharma ended down 4.2% after basic operating income for the last quarter fell short of expectations. BAE Systems and Lloyds Group lost 2.8% and 2.4% respectively.
In economic news, the euro area economy has grown as initially estimated in the fourth quarter, Eurostat flash estimates revealed on Friday. Gross domestic product in the block of 19 countries increased only 0.1% sequentially, after expanding 0.3% in the third quarter. The expansion was the slowest growth since early 2013.
On an annual basis, economic growth slowed to 0.9% against 1.2% in the third quarter. Fourth-quarter growth was revised down from 1%.
The trade surplus rose to 22.2 billion euros in December, from 19.1 billion euros in November. Exports increased 0.9%, while imports decreased 0.7%.
On an unadjusted basis, the trade surplus amounted to 23.1 billion euros compared to 16.3 billion a year ago. Exports increased 4.8% and imports increased 1.1% per year.
The German economy stagnated in the fourth quarter of 2019 against a backdrop of slower consumption and lower exports, according to preliminary figures from Destatis.
Gross domestic product remained unchanged from the previous quarter on a seasonal and calendar basis. Economists had forecast growth of 0.1%.
Another data from Destatis indicates that wholesale prices in Germany rose 0.3% year over year in January, after falling 1.3% in December. On a monthly basis, wholesale prices rose 1% in January, after remaining unchanged the previous month.
Data from the Federal Statistical Office show that Swiss producer and import prices fell in January, down 1% from a year ago. Producer and import prices were unchanged in January on a monthly basis.
Meanwhile, in reports of the coronavirus epidemic, a report from the National Health Commission of China revealed 121 additional deaths in China and nearly 5,100 new virus cases across the continent on Thursday.
As of Thursday, the virus has killed around 1,380 people in mainland China, according to the commission’s report.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) – European stocks posted a mixed performance on Friday, as investors were largely cautious, reacting to quarterly earnings announcements and news about the virus epidemic in China and its likely impact on the global economy.
The pan-European Stoxx 600 finished down 0.13%. Among the main European markets, the United Kingdom finished sharply lower, its benchmark FTSE 100 falling by 0.58%. The French CAC 40 lost around 0.39% and the German DAX fell 0.01%, while the Swiss SMI closed up 0.33%.
Among other markets in Europe, Austria, Denmark, Greece, Iceland, Norway, Spain and Sweden closed with modest gains.
The Czech Republic, Italy, Poland, Russia and Turkey closed weakly, while Belgium, Finland, Ireland, the Netherlands and Portugal finished flat.
In France, Kering, Airbus Group, ArcelorMittal, Peugeot, Louis Vuitton, STMicroElectronics, L’Oréal and Crédit Agricole lost 1 to 3%.
In contrast, Unibail Rodamco gained almost 3%. Bouygues earns around 2.2%. Engie, Capgemini, Carrefour, Sodexo, Danone and Vinci increased from 0.75 to 1.5%.
On the German market, the Wirecard share fell 3.4%. Infineon, Volkswagen and BMW finished down 1 to 1.25%, while MTU Aero, Vonovia, Fresenius, RWE and E.ON gained 1 to 2%.
In the British market, Informa, Land Securities, Pearson, Legal & General and British Land gained 2 to 3%.
The Royal Bank of Scotland plunged nearly 7% after the bank lowered its medium-term yield target after reporting an increase in annual profits.
NMC Health’s shares were down 5.2%. Astrazeneca Pharma ended down 4.2% after basic operating income for the last quarter fell short of expectations. BAE Systems and Lloyds Group lost 2.8% and 2.4% respectively.
In economic news, the euro area economy has grown as initially estimated in the fourth quarter, Eurostat flash estimates revealed on Friday. Gross domestic product in the block of 19 countries increased only 0.1% sequentially, after expanding 0.3% in the third quarter. The expansion was the slowest growth since early 2013.
On an annual basis, economic growth slowed to 0.9% against 1.2% in the third quarter. Fourth-quarter growth was revised down from 1%.
The trade surplus rose to 22.2 billion euros in December, from 19.1 billion euros in November. Exports increased 0.9%, while imports decreased 0.7%.
On an unadjusted basis, the trade surplus amounted to 23.1 billion euros compared to 16.3 billion a year ago. Exports increased 4.8% and imports increased 1.1% per year.
The German economy stagnated in the fourth quarter of 2019 against a backdrop of slower consumption and lower exports, according to preliminary figures from Destatis.
Gross domestic product remained unchanged from the previous quarter on a seasonal and calendar basis. Economists had forecast growth of 0.1%.
Another data from Destatis indicates that wholesale prices in Germany rose 0.3% year over year in January, after falling 1.3% in December. On a monthly basis, wholesale prices rose 1% in January, after remaining unchanged the previous month.
Data from the Federal Statistical Office show that Swiss producer and import prices fell in January, down 1% from a year ago. Producer and import prices were unchanged in January on a monthly basis.
Meanwhile, in reports of the coronavirus epidemic, a report from the National Health Commission of China revealed 121 additional deaths in China and nearly 5,100 new virus cases across the continent on Thursday.
As of Thursday, the virus has killed around 1,380 people in mainland China, according to the commission’s report.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.