{"id":30962,"date":"2023-02-07T17:50:56","date_gmt":"2023-02-07T17:50:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/02\/07\/european-stocks-close-mixed-after-cautious-session-8\/"},"modified":"2023-02-07T17:50:56","modified_gmt":"2023-02-07T17:50:56","slug":"european-stocks-close-mixed-after-cautious-session-8","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/02\/07\/european-stocks-close-mixed-after-cautious-session-8\/","title":{"rendered":"European Stocks Close Mixed After Cautious Session"},"content":{"rendered":"
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European stocks closed on a mixed note on Tuesday with investors largely making cautious moves amid concerns about slowing global economy<\/span>, and geopolitical tensions.<\/p>\n

The pan European Stoxx 600 climbed 0.23%. The U.K.’s FTSE 100 gained 0.36%, while Germany’s DAX and France’s CAC 40 edged down 0.16% and 0.07%, respectively. Switzerland’s SMI drifted down 0.44%.<\/p>\n

Among other markets<\/span> in Europe, Austria, Czech Republic, Denmark, Greece, Iceland, Norway, Poland and Portugal ended higher.<\/p>\n

Belgium, Ireland, Russia and Turkiye closed weak, while Finland, Netherlands, Spain and Sweden ended flat.<\/p>\n

In the UK market, BP surged nearly 8% after it posted a record annual profit, in line with increasing natural gas and oil sales from rising prices.<\/p>\n

Airtel Africa, BT Group, Shell, GSK, Standard Chartered, Beazley, HSBC Holdings, Natwest Group, Barclays, Lloyds Banking Group, Endeavour Mining and Persimmon gained 1 to 3.2%.<\/p>\n

Pearson, Melrose Industries, Compass Group, Rentokil Initial, Scottish Mortgage, RightMove, SAGE Group, Experian, Diageo, Coca-Cola HBC, M&G, Unilever, RS Group, Segro, IAG and Next lost 1 to 3%.<\/p>\n

In Paris, BNP Paribas shares climbed higher after the lender raised its 2025 targets and announced a 5 billion-euro share buyback program in 2023, despite posting a lower-than-expected profit in the fourth quarter.<\/p>\n

Renault, TotalEnergies, BNP Paribas, Sanofi, Societe Generale, Publicis Groupe and Credit Agricole ended with sharp to moderate gains.<\/p>\n

Carrefour ended 4.7% down. Eurofins Scientific and Airbus closed lower by about 4% and 3%, respectively.<\/p>\n

Perond Ricard, Hermes International, L’Oreal, Engie, Saint Gobain, LVMH, Safran and Essilor lost 1 to 2.2%.<\/p>\n

In the German market, Continental surged more than 2.5% and Linde climbed about 2.3%. Deutsche Bank, Bayer and Siemens Healthineers gained 1.2 to 1.5%.<\/p>\n

Shares of software provider TeamViewer soared nearly 18% after the company launched a share buyback and announced it is eyeing double digit growth in 2023.<\/p>\n

Siemens Energy, Vonovia, Sartorius, Beiersdorf, Siemens, Symrise, E.ON, Puma, MTU Aero Engines, Adidas, RWE and Merck lost 1 to 2.2%.<\/p>\n

In economic news, UK retail sales grew at a slower pace in January as Christmas cheer subsided, data published by the British Retail Consortium and accountancy firm KPMG showed. Like-for-like sales increased 3.9% on a yearly basis in January and overall retail sales grew 4.2%.<\/p>\n

Germany’s industrial production declined the most in nine months in December driven by the sharp fall in output of intermediate goods, data published by Destatis showed.<\/p>\n

Industrial production slid 3.1% on a monthly basis, reversing the 0.4% rise in November. This was the biggest fall since last March, when output was down 4.2% and also larger than the expected 0.7% decline. <\/p>\n<\/p>\n<\/div>\n