(RTTNews) – Despite resuming the initial lows and maintaining positive territory until around 2pm, European stocks fell and ended with a sharp fall on Friday.
A massive sale of technological stocks after another era of weakness in the US technology area is a major development in the US. But it’s not the first time It is the main explanation for the decline in European markets. No very encouraging knowledge of Germany, persistent Brexit considerations, and coronavirus considerations outweighed the knowledge that seems like a remarkable addition of jobs and a decline in unemployment in the United States.
The stoxx six hundred pan-European closed with a drop of 1. 13%. The UK’s 100-cent FTSE lost 0. 88%, France’s CAC 40 lost 0. 89% and Germany’s DAX fell by 1. 65%, while Switzerland’s SMI fell by 0. 66%.
The FTSE hundred lost about 2. 8% in the four-day week. The market closed on Mondays for a holiday. THE DAX and CAC 40 lost 1. 8% and 0. 8% respectively during the week.
Finland, Russia and Spain ended up with modest losses. Iceland and Turkey closed with a company note, while Austria, the Czech Republic, Ireland and Sweden ended up unchanged.
In the UK market, real estate stocks were weak amid reports that the UK’s festival regulator has taken compliance measures opposed to some home builders.
Scottish Mortgage, Taylor Wimpey, Hiscox, Persimmon, Rightmove and Barratt Developments lost between 3 and 6%. Land Securities, Prudential, Berkeley Group, Smiths, Vodafone, GlaxoSmithKline, British Land Company and Unilever fell dramatically.
By contrast, Royal Bank, Carnival, Anglo American, Merlrose, JD Sports Fashion and Antofagasta won between 3% and 4%. TUI, EasyJet, Fresnillo, Hikma Pharma, Rio Tinto and Evraz increased by 2% to 2. 8%.
Wirecard, Linde and Deutsche Telekom also fell strongly, while Covestro, Deutsche Bank and Lufthansa rose 2. 7% to 3. 5% and Thysenkrupp by 1. 6%.
In the French market, WorldLine, Pernod Ricard, Dassault Systemes, Unibail Rodamco, Airbus Group, Veolia and STMicroElectronics fell from 2% to 4%.
Societe Generale rose 5. 6%, while BNP Paribas and Crédit Agricole rose by 3% and 2. 75% respectively, while Valeo rose by almost 5%. Renault and Peugeot rose 4. 5% and 4. 3% respectively, while Accor and Carrefour rose 3. 2% and 3% respectively.
In Spain, bank stocks have soared in CaixaBank news and Bankia SA are a merger to shape the country’s largest lender. CaixaBank said the deal would cost the combined entity 14 billion euros.
In economic news, the expansion of factory orders in Germany was more moderate than expected in July, destatis’ knowledge on Friday revealed. %. On an annual basis, general factory orders fell by 7. 3% in July, after a 10. 6% drop in June.
Knowledge showed that production sales increased by 5. 2% during the month, but slower than the 13. 2% accumulated in June.
According to knowledge of the Markit IHS survey, the structure sector in Germany approached stabilization in August, however, the coronavirus pandemic remained a constraint and expectation.
The inventory structure purchasing managers’ rate rose to 48. 0 in August from 47. 1 in July, the highest score in six months in August.
According to the knowledge of the Society of Motor Manufacturers and Traders, or SMMT, new car sales in the UK fell in August after a double-digit expansion last month, down 5% year after year. In July, sales increased to 11. 3%, which is this year’s first expansion.