{"id":12724,"date":"2021-08-09T16:50:06","date_gmt":"2021-08-09T16:50:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/major-european-markets-close-mixed-4\/"},"modified":"2021-08-09T16:50:06","modified_gmt":"2021-08-09T16:50:06","slug":"major-european-markets-close-mixed-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/major-european-markets-close-mixed-4\/","title":{"rendered":"Major European Markets Close Mixed"},"content":{"rendered":"
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European stocks ended mixed on Monday after turning in a sluggish performance as concerns about new COVID-related curbs in Asia, especially China, dented optimism over economic revival.<\/p>\n

Falling commodity prices rendered mining and energy sectors weak, contributing significantly to the subdued trend in the markets<\/span>.<\/p>\n

There was some respite on the economic front as new data showed Germany’s exports grew at a faster pace in June despite persistent supply bottlenecks in manufacturing.<\/p>\n

Additionally, China’s factory gate inflation in July rose at a faster clip from the previous month, raising concerns that inflation could spike further if lockdowns in parts of the country cause supply problems.<\/p>\n

The pan European Stoxx 600 climbed 0.15%. The U.K.’s FTSE 100 gained 0.13%, while Germany’s DAX and France’s CAC 40 edged down 0.1% and 0.06%, respectively. Switzerland’s SMI surged up 1.1%.<\/p>\n

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Netherlands, Norway, Portugal, Russia and Sweden ended higher.<\/p>\n

Finland, Greece, Iceland, Ireland, Spain and Turkey closed weak, while Poland ended flat.<\/p>\n

In the UK market, Hargreaves Lansdown plunged more than 11% on disappointing results. IAG, Rolls-Royce Holdings, Weir Group, British Land Co. and Smiths Group ended lower by 2 to 3.3%. <\/p>\n

Polymetal International, Fresnillo, Barratt Developments, Coca-Cola, Informa and Ferguson also ended notably lower.<\/p>\n

Scottish Mortgage shares climbed 2.7%. Flutter Entertainment, Ashtead Group, Next, Standard Chartered, Rio Tinto and Barclays Group gained 1 to 1.7%.<\/p>\n

Vectura shares gained about 5.5% after the drug maker received a higher bid from Philip Morris International Inc. Deliveroo gained 4.5% after German food delivery group Delivery Hero built a 5% stake in its U.K. rival.<\/p>\n

In the French market, Faurecia declined 3.8% and Unibail Rodamco shed about 3.7%. Technip, Safran, Renault, Airbus and Valeo also declined sharply.<\/p>\n

Atos gained more than 4% and STMicroElectronics surged up 1.7%. Societe Generale and BNP Paribas posted modest gains.<\/p>\n

In Germany, MTU Aero Engines declined nearly 3% and HeidelbergCement ended 2.8% down. Daimler, Lufthansa, Volkswagen and Siemens shed 0.9 to 1.7%.<\/p>\n

Merck gained more than 2% and RWE gained about 1.8%. Allianz, Covestro, Adidas and Beiersdorf also closed notably higher.<\/p>\n

Data from Destatis showed Germany’s exports grew 1.3% month-on-month in June, following May’s revised 0.4% increase. The rate was expected to climb 0.4% after 0.3% growth initially estimated for May.<\/p>\n

Meanwhile, growth in imports eased to 0.6% from 3.4%. Economists had forecast the annual growth to slow to 0.5%.<\/p>\n

Eurozone investor confidence weakened in August due to a sharp decline in expectations, survey data from the behavioral research institute Sentix showed.<\/p>\n

The euro area Sentix investor confidence index dropped to 22.2 in August from 29.8 in the previous month. Economists had forecast the indicator to fall marginally to 29.0.<\/p>\n

The current situation index rose to 30.8 in August from 29.8 in the previous month. This was the highest score since October 2018.<\/p>\n

On the other hand, the expectations index dropped sharply to 14.0 from 29.8 in July. With the third consecutive fall, the reading reached its lowest level since May 2020.<\/p>\n

Data from the State Secretariat for Economic Affairs showed Switzerland’s jobless rate fell to a seasonally to 3% in July from 3.1% in June. On an unadjusted basis, the unemployment rate remained unchanged at 2.8% in July. <\/p>\n<\/p>\n<\/div>\n