FRANKFURT, Germany.— This Thursday, at the end of operations in the main European stock marketsmost recorded losses except frankfurt whose main indicator, the Dax 40 advanced 0.35%while the euro term below $1.09.
The euro closes below $1.09
He euro fell this thursday below the $1.09 levelafter the publication of data showing that the core inflation was in the United States in July higher than expected.
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The euro was exchanged around 15:00 GMT at $1.0845compared to 1.0936 dollars in the last hours of the European negotiation of the foreign exchange market of the previous day.
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He European Central Bank (ECB) set the euro reference change at 1.0868 dollars.
The headline inflation stood at 5.3% year-on-year in the euro area in Augustas in July, but the core fell two tenths, to 5.3%.
ECB executive board member Isabel Schnabel said today at a conference on inflation that the monetary policy in the euro area it must be restrictive enough to bring inflation to 2% and that decisions will depend on economic data and will be taken at each meeting.
If the ECB believes that the level of interest rates will not allow inflation to drop in time, another rate hike is warranted, but if it believes that inflation is subsiding, it could pause in September.
Schnabel stressed that the ECB cannot predict how far it will raise interest rates, nor how long they will remain at restrictive levels.
The single currency was exchanged in a fluctuation band between 1.0841 and 1.0939 dollars.
The DAX 40 rises 0.35%
He Frankfurt Selective stoday rose 0.35% although the fall in inflation has slowed overall in the euro area, although core, which discounts energy and food, fell.
The DAX 40 Index advanced 0.35% to the 15,947.08 pointswhile the Technological TecDAX gained 0.72%, up to 3,177.06 points.
However, the Frankfurt selective lost 3% in August.
Headline inflation stood at 5.3% year-to-year in August in the euro area, as in July, but core inflation fell two tenths to 5.3%.
Some economic analysts and markets anticipate that the European Central Bank (ECB) will not raise its interest rates again in September.
Commerzbank fell 1.7% to 10.15 euros, and Deutsche Bank lost 1.3% to 10.05 euros.
The real estate company Vonovia rose 5.1% in the selective, up to 22.11 euros, and in the MDAX of medium-sized companies LEG Immobilien gained 6.4%, up to 66.60 euros, and TAG Immobilien advanced 4.6%, up to 10.48 euros.
The laboratory equipment supplier Sartorius gained 4.2%, to 377.40 euros, and the online fashion retailer Zalando gained 3.6%, to 28.73 euros.
The CAC-40 falls 0.65%
The paris stock exchangewhich as Wednesday had an irregular behavior during the day, ended today for the second consecutive day down, with a decrease of 0.65% in its general index, to which the values of the luxury and cosmetics sectors contributed in particular.
He CAC-40 it had started the day slightly on the rise and, after zigzagging for a few minutes around 7,364.40 points from the previous day’s close, it rose in the early part of the morning to 7,386.95 points, which would be the maximum of the day.
The trend changed before noon and the trend indicator temporarily entered negative territory, but very timidly.
After rising again in the afternoon above 7,380 points, in the last phase of the exchanges the index fell more sharply and ended at 7,316.70 points.
This means that in one week the CAC-40 has appreciated by 1.93%, although in the last month it has suffered a fall of 1.92%. Since the beginning of the year, in any case, the accumulated earnings are 13.59%.
Operators were very active in the Parisian market, at levels not seen this month, as assets worth 5.574 million euros changed hands.
On the value front, the Pernod Ricard beverages and spirits group suffered the biggest fall in the selective, sinking 6.74% after presenting a current operating result lower than what analysts expected in the year ended June 30. In addition, he was very prudent about the 2023-2024 financial year.
Two of the flagships of French luxury also experienced very considerable falls, in particular the giant LVMH (-2.71%), but also to a lesser extent Hermès (-1.58%) and also the cosmetics company L’Oréal (-1.05%). .
At the opposite extreme, the largest rise in the CAC-40 was that of the remote customer service company Teleperformance (2.12%), the environmental services company Veolia (1.66%), the real estate company Unibail (1.29%) and the aircraft manufacturer Airbus (1.15%).
The Spanish stock market falls 0.47%
The Spanish stock market it fell 0.47% dragged by the bank, with all bank values in red, among which Sabadell lost 5.02%, in a session where it was known that inflation in the euro zone stagnated in August.
He IBEX 35the main selective of the Spanish stock market, lost 45.2 points, that 0.47%, up to 9,505.9 integers, although in the year it accumulates a rebound of 15.52%, according to market data.
The Stock Market began the day with slight rises, which it strengthened during the morning, although from the opening of Wall Street it reversed the trend until closing the session in red after having published euro area inflationthe US price data and the minutes of the last meeting of the European Central Bank (BCE).
The value that rose the most was Laboratorios Rovi, with an advance of 1.84%, and Sabadell, the one that fell the most, that 5.02%. The rest of the bank values also closed in red: Caixabank fell 3.46%; Unicaja, 3.68%; Bankinter, 3.3%; BBVA, 1.73%, and Santander, 0.73%.
The London Stock Exchange falls 0.46%
The London Stock Exchange This Thursday put an end to a six-day bullish streak and closed the session with a fall of 0.46%, dragged down by mining titles.
He FTSE-100the main index in the British capital, fell 34.54 points, to 7,439.13 integers, while the secondary FTSE-250 gained 0.22%, 41.18 points, to 18,605.70 integers.
The pound sterling appreciated 0.36% against the euro at the close of the Stock Market, up to 1,168 euros, and fell 0.39% against the US dollar, up to 1.2668 dollars.
In the London market, the mining company Glencore led the losses with a fall of 3.92%, while the insurer Prudential gave up 3.36%, the mining company Endeavor Mining 2.48%, the beverage company Diageo 2.32% and the bank NatWest Group 2.04%.
On the other hand, the distribution firm Ocado Group rose, 9.86%, the automobile company Rolls Royce Holdings, 2.54%; the Flutter Entertainment bookmaker, 1.41%; sports retailer JD Sports Fashion, 1.40%; and the insurer Phoenix Group Holdings 1.36%.
The Milan Stock Exchange lost 0.29%
The Milan Stock Exchange closed lower and its selective index FTSE MIB it fell 0.29%, to 28,831.52 points, due to euro zone inflation data for August, stable at 5.3% but above analysts’ forecasts.
In a weak day for the Milanese market, after several positive days, the fear of a possible new rate intervention at the September meeting of the European Central Bank (BCE).
On the other hand, the general index FTSE Italia All-Share lost 0.23%, to 30,864.93 integers.
During the session, 638 million shares for a value of 2.996 million euros changed hands.
Among the most benefited today are the car manufacturer Iveco (3.66%), Cnh Industrial (2.2%), the technological multinational Diasorin (2.11%) and the energy company A2a (+1.08%)
In contrast, the energy companies Saipem (5.27%) and Tenaris (3.24%), Banco Monte Paschi de Siena (2.55%) and the luxury clothing group Moncler (1.94%) fell.
2023-08-31 21:08:53
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