(RTTNews) – Europe’s primary stock markets opened upwards on Tuesday, but were unable to gain momentum as investors blocked the previous day’s earnings in a combined session.
Operators can also look forward to Federal Reserve Chairman Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium on Thursday.
A sneak peek given when he reported that US biotechnology company Modern, Inc. said it had started complex talks to supply 80 million doses of its experimental coronavirus vaccine to the European Union.
Germany’s DAX fell 4.92 points, or 0.04%, to 1,3061.62, while London’s FTSE dropped 67.72 points, or 1.11%, to 6,037.01 and France’s CAC 40 rose 0.38 points, or 0.01%, to 5,008.27.
In London, GVC Holdings rose 3.81%, while Royal Dutch Shell fell 2.99%, British American Tobacco fell 1.91%, Rolls-Royce Holdings and Standard Life Aberdeen fell 1.64%, Vodafone fell 1.32%, Tesco sank by 1.19%, Whitbread steadily rose 1.1% With a hundred, Rightmove rose 0.52 consistent with penny and the Scottish Mortgage Investment Trust gained 0.21 consistent with penny.
In France, Accor rose 3.83%, ENGIE collapsed by 1.29%, Veolia Environnement fell 1.00%, Compagnie de Saint-Gobain 0.88%, Peugeot dropped 1.0 Vivendi by 0.54%, Societe Generale fell 0.30%, Crédit Agricole rose 0.26% and BNP Paribas raised 0.21%.
In economic terms, German GDP fell 9.7% sequentially at the time of the quarter after falling by 2% in the first quarter, according to Destatits’ knowledge today. The rate was revised upwards from the -10.1% estimated last month. However, the quarterly decline was much larger than the economic and monetary crisis of 2008-09 and the largest since quarterly GDP calculations began in 1970.
Meanwhile, German business confidence stepped forward in August, according to the knowledge of the Ifo Institute. The Business Confidence Index rose to 92.6 in August from 90.4 in July for the fourth consecutive increase and exceeded forecasts of 92.2.