{"id":30561,"date":"2023-01-26T17:34:48","date_gmt":"2023-01-26T17:34:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/01\/26\/european-stocks-close-higher-5\/"},"modified":"2023-01-26T17:34:48","modified_gmt":"2023-01-26T17:34:48","slug":"european-stocks-close-higher-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/01\/26\/european-stocks-close-higher-5\/","title":{"rendered":"European Stocks Close Higher"},"content":{"rendered":"
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European stocks closed higher on Thursday, lifted by recent data showing an improvement in German business<\/span> sentiment and a surge in eurozone manufacturing activity.<\/p>\n

The pan European Stoxx 600 gained 0.42%. The U.K.’s FTSE 100 ended higher by 0.21%, Germany’s DAX climbed 0.34% and France’s CAC 40 closed stronger by 0.74%, while Switzerland’s SMI tumbled 0.76%.<\/p>\n

Among other markets<\/span> in Europe, Czech Republic, Finland, Greece, Ireland, Netherlands, Poland, Portugal and Spain posted sharp to moderate gains.<\/p>\n

Austria, Belgium and Norway edged up marginally.<\/p>\n

Iceland, Russia, Sweden and Turikiye closed weak. Denmark ended flat.<\/p>\n

In the UK market, 3I Group soared more than 9%. Ashtead Group climbed 4.3% and Hargreaves Lansdown surged 3.5%.<\/p>\n

Lloyds Banking Group, Kingfisher, Prudential, ABRDN, Beazley, Standard Chartered, JD Sports Fashion, Halma, Admiral Group and BP gained 2 to 3.1%.<\/p>\n

Diageo drifted down 5.52%. Convatec Group, Ocado Group, Glencore, AstraZeneca and British American Tobacco lost 1 to 2.25%.<\/p>\n

In the German market, Sartorius gained nearly 6% after posting upbeat financial results, and Infineon Technologies surged about 4.2%. Fresenius Medical Care, HeidelbergCement, MTU Aero Engines, Deutsche Bank, Brenntag, Continental, Zalando and Merck advanced 1 to 2%.<\/p>\n

Fresenius and Puma both ended lower by about 2.5%. SAP ended nearly 1% down after it reported a steep drop in profits. <\/p>\n

RWE, Vonvoia, Daimler, Henkel and Covestro also ended notably lower.<\/p>\n

In Paris, STMicroElectronics rallied more than 7.5%. Vivendi, Kering, Alstom, Hermes International, Societe Generale, Eurofins Scientific, ArcelorMittal, WorldLine, Credit Agricole, Teleperformance, Safran, Renault, Thales, BNP Paribas and Publicis Groupe gained 1.4 to 3.2%.<\/p>\n

Pernod Ricard ended lower by 3.1%. Essilor shed about 1.7% and Danone declined 1.1%.<\/p>\n

Car production in the United Kingdom declined sharply in the year 2022, as global chip shortages and structural changes hampered output along with weaker exports, while electric vehicle production hit a record high, data from the Society of Motor Manufacturers and Traders, or SMMT, showed.<\/p>\n

UK retail sales volumes dropped at a faster-than-expected pace at the start of the year, and retailers expect them to decline again next month, but at a slightly slower rate, survey data from the Confederation of British Industry, or CBI, showed.<\/p>\n

The sales balance decreased to -23 from +11 in December, results of the Distributive Trades Survey of the CBI showed. Economists had expected a balance of -5. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n