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European stocks closed weak on Thursday, extending recent losses, as worries about China’s economic woes, interest rate and inflation concerns continued to weigh on sentiment.<\/p>\n
The pan European Stoxx 600 fell 0.9%. The U.K.’s FTSE 100 ended 0.63% down, Germany’s DAX declined 0.71% and France’s CAC 40 dropped 0.94%, while Switzerland’s SMI tumbled 0.98%.<\/p>\n
Among other markets<\/span> in Europe, Austria, Belgium, Denmark, Finland, Iceland, Netherlands, Norway, Poland, Portugal, Spain and Sweden closed weak.<\/p>\n Czech Republic, Greece, Ireland, Russia and Turkiye ended higher.<\/p>\n In the UK market, BAE Systems ended 4.6% down after the defense firm said it had agreed to buy Ball Corp’s aerospace business<\/span> for about $5.55 billion in cash. <\/p>\n Ocado Group, Entain, ABRDN, Melrose Industries and Berkeley Group Holdings lost 3.2 to 5.6%. <\/p>\n Persimmon, Hiscox, Schrodders, IMI, 3i Group, Halma, Scottish Mortgage, IAG and Experian ended lower by 1.8 to 3%.<\/p>\n Rio Tinto climbed 1.7%. Glencore, Smith & Nephew, Lloyds Banking Group, Centrica and Admiral Group gained 0.7 to 1%.<\/p>\n In the German market, SAP, Infineon and Deutsche Boerse lost 2 to 2.5%. Siemens, Symrise, Daimler Truck Holding, Vonovia, Fresenius, Mercedes-Benz and RWE ended lower by 1 to 1.7%.<\/p>\n Munich RE, E.ON, Covestro, Commerzbank, Bayer and Deutsche Bank gained 0.4 to 1.3%.<\/p>\n In Paris, WorldLine, Dassault Systemes, Hermes International, Schneider Electric, LVMH and Legrand lost 2 to 3.5%.<\/p>\n STMicroElectronics, Capgemini, Edenred, Pernod Ricard, Saint Gobain and Kering also ended notably lower.<\/p>\n Sanofi, Carrefour, TotalEnergies, Societe Generale and BNP Paribas closed higher.<\/p>\n Dutch payments processor Adyen NV tanked 39% after first-half earnings missed expectations. <\/p>\n Danish hearing aid manufacturer GN Store Nord plunged nearly 10% after it warned of challenging market conditions.<\/p>\n In economic news, the eurozone trade surplus grew markedly at the end of the second quarter as imports fell faster than exports, Eurostat reported today.<\/p>\n The trade surplus rose to a seasonally adjusted EUR 12.5 billion in June from EUR 0.2 billion in May. Exports posted a monthly decline of 0.5%, while imports decreased by 5.6% in May.<\/p>\n On a yearly basis, exports of goods climbed 0.3%. At the same time, imports plunged 17.7%. Consequently, the trade balance swung to a surplus of EUR 23.0 billion from a deficit of EUR 27.1 billion. The expected surplus was EUR 18.3 billion. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n