(RTTNews) – Europe’s major stock markets fell on Friday, shaking early to end up in negative territory for the moment-in-a-row day.
Markets were affected by economic knowledge that showed that the European economic recovery slowed in August. The personal sector in euro dominance grew at a slower rate after an uptick in recession through the coronavirus pandemic, the knowledge of the IHS Markit flash survey showed.
The recovery has been undermined by the symptoms of a build-up of virus cases in parts of the euro area, with new restrictions affecting the particular facilities sector.
Germany’s DAX lost 65.20 points, or 0.51%, to 12764.80, while London’s FTSE dropped 11.45 points, or 0.19% to 6001.89, and France’s CAC 40 fell 14.91 points, or 0.30%, to 4,896.33.
In London, GVC Holdings rose 5.05%, while Compass Group rose 2.96%, Scottish Mortgage Investment Trust up 2.03%, Standard Life Aberdeen fell 1.38%, TESCO rose 1.1 1%, Vodafone fell 0.95%, Rolls-Royce 0.90%, Royal Dutch Shell sank 0.70%, Rightmove rose 0.36% and Rentokil Initial gained 0.27%.
In France. Accor rose 4.18%, Peugeot fell 2.05%, Societe Generale fell 1.98%, BNP Paribas dropped 1.65%, Compagnie de Saint-Gobain fell 1.24 5%, Veolia Environnement rose 1.05%, Sanofi lost 0.72%, Carrefour 0.49%, Vivendi rose 0.29% and Danone fell 0.18%.
Economically, the UK’s personal sector grew in August at its fastest speed since 2013, dispelling considerations of a prolonged economic slowdown. The composite purchasing manager index of the IHS Markit 60.3 survey exceeded forecasts and exceeded the July 57 figure.
In addition, retail sales in the UK increased by 3.6% compared to July, driven by sales in non-food stores, according to official data. This is slower than the sharp 13.9% increase in June and 12.2% in May, but exceeded the forecast of a 2% increase.
Consumer confidence in the eurozone increased in August amid fears of a momentary wave of coronavirus infections in some countries of the bloc, the European Commission said Friday. The customer confidence index rose to -14.7 from -15 in July. Economists expected the index to remain unchanged.