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European equity markets closed lower on Thursday, led by concentrated losses mainly in the mining and automotive sectors as a result of escalating trade disputes between the United States and China. The starting point of this summit with the leaders of the European Union, meeting Thursday and Friday 29 in Brussels to discuss immigration, Brexit and banking reforms, is also at the top of the agenda. day.
The pan-European Stoxx 600 index drops 0.82% to 376.87 points.
Germany moved the agenda of the indicators. The country's official statistics agency said the consumer price index (CPI) rose 0.1% in June compared with May and 2.1% from a year ago. year on the other, according to preliminary data.
In addition, the German consumer confidence index prepared by the GfK Institute remained at 10.7 in the July survey, repeating the June reading. According to the entity, the trade measures taken by US President Donald Trump against imports from the European Union are worrying, especially with regard to economic forecasts. 0.08%, at 7,615.63 points, driven by the mining sector. A crop of weak indicators in China and the worsening trade conflict between this country and the United States, which now includes more and more sectors of the global economy, have put pressure on shares of Glencore (-2.80%), Antofagasta (-2.63%) and Anglo American (-1.39%)
The DAX 30 Frankfurt Exchange dominated losses among the main European indices, down 1 , 39%, at 12,177.23 points. There too, there was a bad mood with global trade, especially the threat of US President Donald Trump to load vehicles imported from the European Union. Daimler shares fell by 0.72%, those of BMW by 1.34% and those of Volkswagen by 2.32%.
In Paris, the CAC 40 fell by 0.97% to 5,275.64 points. Concern over Chinese demand also affected the action of steelmaker Vallourec (-1.21%), while the possibility of barriers to the European automotive sector in the United States drove down the Peugeot of 3.84%.
The FTSE MIB, of the Milan Stock Exchange, has stabilized at -0.58% at 21,432.34 points. The banking sector reiterated the negative recovery of the last sessions, as evidenced by the changes in shares of Intesa Sanpaolo (+ 1.97%), Banco BPM (+ 1.13%) and UniCredit ( + 1.43%). [19659002] On the Madrid Stock Exchange, Ibex 35 lost 0.72% to 9,589.00 points, partially offset by the 2.04% decline of steelmaker ArcelorMittal.
Already the PSI 20, of the Lisbon Stock Exchange, from 0,67% to 5,554.33 points. (With information from Dow Jones Newswires)
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