European stock markets finish higher, reassured by Fed and Brussels



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PARIS (AWP / AFP) – Most European stock markets finished higher on Tuesday, rebadured by the announcement of a meeting between Jean-Claude Juncker and Donald Trump to defuse the trade dispute and the optimism of the Fed which promised to stay the course

"This beginning of discussion (between Messrs Juncker and Trump) is likely to smooth the commercial tensions and could lead to a settlement of the conflict", commented Daniel Larrouturou, general manager Delegate of Blue Diamond Management.

The President of the European Commission and the American President are scheduled to meet on July 25 in Washington.

After having started in the red, the New York Stock Exchange rose to mid-session Around 16:20 GMT the Dow Jones Industrial Average gained 0.11% to 25,092.94 points, the Nasdaq 0.40% to 7,836.64 points and the broad S & P 500 index to 0.32% to 2,807.41 points. [19659002] Just like the European stock markets, New York Square welcomed the hearing of US Central Bank (Fed) President Jerome Powell, who told Congress that the institution had the intention to continue monetary policy by raising interest rates gradually, despite uncertainties

The Eurostoxx 50 rose by 0.24%.

The CAC 40 index of the Paris Bourse took 13.11 points to 5,422.54 points.

In terms of values, Orange was weakened (-2.44% to 14.22 euros) by a lowering of its recommendation by Citi to neutral.

Mining stocks have recovered colors thanks to a rebound of course of steel. ArcelorMittal climbed 2.45% to 25.73 euros, Eramet 3.61% to 111.90 euros.

French car manufacturers (PSA + 0.10% to 20.97 euros and Renault +0, 10% to 73.71 euros) have benefited a bit from the dynamism of the European market, which grew by 5.2% in June over a year

Airbus nibbled 0.67% to 107.66 euros. The European automaker has estimated the world's demand for commercial airline services to be $ 4.6 trillion by 2037 at the Farnborough Air Show.

In Frankfurt, the DAX index has increased by 100.52 points on the session to finish at 12.661,54 points.

Volkswagen gained 0.95% to 144.08 euros. The German automaker announced Tuesday shipments up 7.1% over the half year with 5.5 million vehicles delivered worldwide, including 958,000 in June, an increase of 4.1% year on year. 19659002] Deutsche Bank sold 1.36% to 10.17 euros

Thyssenkrupp jumped 9.13% to 22.48 euros

The FTSE-100 index of the London Stock Exchange rose from 25.88 points to 7.626.33 points.

The Burberry luxury leather goods maker gained 1.86% to 2.139,00 pence, the Diageo beverage dispenser 1.55% to 2,812.00 pence, and the catering group Compbad 0.70% to 1.665.50 pence.

The oil companies also climbed, BP rising 0.48% to 560.20 pence and Royal Dutch Shell (Action "B") 0.43 % at 2,684.00 pence

Paddy Power Betfair betting group fell by 3.24% to 8,225.00 points.

The Madrid Stock Exchange closed at equilibrium, taking 0.03% at 9,719.4 points

Telefonica, heavy weight d of the Spanish financial center, lost 0.96% to 7.45 euros. Inditex, owner of Zara, took him 0.65% to 29.38 euros, and the airport manager Aena 1.06% to 157 euros.

The banks ended in the red: Santander lost 0, 46% to 4.61 euros, BBVA 0.97% to 5.94 euros and CaixaBank 0.24% to 3.73 euros.

Among the notable declines, the large distribution group Dia dropped 2.24% to € 2.09

The FTSE Mib index of the Milan Stock Exchange gained 0.71% to 21,978 points.

Mediaset achieved the best performance, gaining 3.48% to 2,825 euros. Following Brembo (+ 2.77% to 12.25 euros), Leonardo (+ 1.99% to 9.308 euros) and Ubi Banca (+ 1.82% to 3.463 euros).

Recordati lost 2.24% to 30.05 euros, Buzzi Unicem 0.49% to 20.49 euros and Tenaris 0.41% to 15.86 euros.

The PSI20 index of the Lisbon Stock Exchange rose 0.31% to 5.638 , 26.

The bank BCP took 0.58% to 0.2611 euro.

In terms of energy, Galp Energia fell by 0.12% to 16.86 euros, EDP gained 0.20% to € 3.47 and its subsidiary in renewables EDP Renovaveis 0.33% to € 9.00

The distributor Jeronimo Martins has increased by 2.84% to 13.015 euros.

The paper maker The Navigator has sold 0 , 20% to 5.08 euros.

The SMI index of the Swiss Stock Exchange fell by 0.27% to 8,824.46 points.

The heavy weight of the rating has turned it down, like the Nestlé (0.33% to 79.12 Swiss francs), the luxury group Richemont (-0.10% to 83.72 CHF) or the vale Pharmaceuticals Novartis (-0.28% to 78.44 CHF) and Roche (-0.30% to 231.55 CHF)

Givaudan, world leader in perfumes and flavors, lost 0.76% ( at CHF2,353.00)

The Swatch group saw the biggest rise of the day at 2.26% (CHF 474.10) and the insurance sector also ended in the green: Zurich Insurance (+0, 37% to 298.50 CHF), Swiss Re (+ 0.18% to 88.94 CHF) and Swiss Life (+ 0.69% to 348.60 CHF)

The AEX index of the Stock Exchange Amsterdam closed up 0.15% to 559.19 points.

Insurer ASR Nederland gained 3.10% to 36.58 euros and steelmaker Arcelor Mittal took 2.45% to 25.73

The Dutch telecommunications group KPN fell 1.99% to 2.41 euros and the media group Altice Europe lost 1.62% to 3.09 euros.

The Bel- 20 of the Brussels Stock Exchange gained 0.29% to 3,817.64 points.

Eleven star stocks ended in the green, the biotechnology company arGEN-X has posting the best performance up 3.69% to 78.70 euros.

At the other end of the index, the Dutch insurer ING Group fell 1.17% to 12.35 euros. [19659002] bur-awa / bh

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