(RTTNews) – European equities behaved mixedly on Tuesday, as investors reacted to a wealth of economic knowledge around the world.
After a positive start, thanks to the optimal knowledge of Chinese factories and the hopes of obtaining maximum approvals of vaccines developed through Pfizer and BioNTech, as well as through AstraZeneca, the maximum markets are a little simple and have reduced the initial gains.
Concerns about the accumulation of new coronavirus cases and the option of new quarantine restrictions in the UK have also affected stocks.
Technology actions were in order to report that Apple plans to launch 4 new iPhone models next month with 5G wireless speeds.The company plans to manufacture 75 million 5G iPhones later this year.
Markets in Europe, Austria, Greece, the Netherlands, Portugal, Sweden and Turkey closed upwards.
Belgium, Denmark, Ireland, Poland and Spain closed weakly, while the Czech Republic, Finland, Iceland and Norway ended up unchanged.
In the UK market, which ended in nearly 4 months, Rolls-Royce Holdings plummeted by almost 12%, as the weak effects continued to damage the stock.IAG ended with a drop of more than 7% and Meggitt closed with a drop of about 6.5%.
ITV, WPP, Barclays, EasyJet, Schroders, Lloyds Banking Group, Informa, British Land Company, Melrose, Carnival, BAE Systems, HSBC Holdings and Vodafone lost up to 5.5%.
In Germany, Wirecard recovered from recent and brutal losses and ended with about 16%.Infineon Technologies, HeidelbergCement and Vonovia rose from 1.5% to 1.8%, while Continental, Lufthansa and BASF finished far below.
In the French market, Renault fell by 4.4%. Publicis Groupe, Veolia, Peugeot, Societe Generale and Essilor lost between 2 and 3%.
WorldLine shares rose by more than 3%. Kering won about 2.1%, while Atos, STMicroElectronics, Airbus and Safran won between 1% and 1.4%.
In economic publications, a personal survey showed that Chinese factory activity grew at the fastest rate in nearly a decade in August.
Manufacturing production grew at its peak in more than two years, while new orders increased for the time of the month, although it slowed to the top of nearly two and a half years in July.
Consumer costs at the euro level fell by 0.2% year-on-year in August, reversing a 0.4% accumulation in July, Eurostat’s initial knowledge revealed.Prices are expected to rise to 0.2%.
The unemployment rate of euro dominance rose to 7.9% in July from 7.7% in June.The rate was below the expected point of 8%. The number of other people outside the tables increased to 344,000 in June to 12,793 million in July.
German unemployment fell in August when the economy showed signs of a recovery from the coronavirus slowdown, the federal Labour Agency’s knowledge showed Tuesday.
At the same time, unsa tight unemployment rose to 6.4% after July 6.3%.
Britain’s production sector grew at its fastest speed in two and a half years in August, as corporations restarted operations following the 2019 coronavirus blockade, the latest knowledge of IHS Markit showed Tuesday.
IHS Markit Index / Chartered Institute of Procurement
Manufacturing production grew at the fastest rate in more than six years in August. The inflow of new orders also strengthened, while the employment trend remained weak with job losses recorded for the seventh consecutive month.
HIPOTECA approvals in the UK peaked in five months in July, but low compared to the pre-Covid period, the Bank of England’s knowledge on Tuesday showed.The number of loan approvals increased to 66,281 in July from 39,902 in June.since last February.