Main European markets close mixed and the euro falls to $1,083

FRANKFURT, Germany.— This Wednesday, the main markets in Europe they closed in mixed terrainhighlighting the DAX 40 previewthe main indicator of the Frankfurt Stock Exchangewhat rose 0.25%while the euro fell to 1,083 dollars.

The euro falls to $1,083

The euro fell this Wednesday to touch $1,083 after publishing that the US economy closed 2023 with a growth of Gross Domestic Product (GDP) of 3.1%.

The single currency was exchanged at 1.0834 dollars around 16:00 GMT this Wednesday, compared to 1.0847 in the last trading hours yesterday.

For his part, the European Central Bank (ECB) set the exchange rate at 1.0808 dollars.

In Europe, the economic sentiment indicator (ESI for its acronym in English) fell four tenths in February in the European Union (EU) and seven tenths in the eurozone, reaching the 95.4 points In both cases, according to the data published this Wednesday by the European Comission (CE).

However, the consumer confidence It rose four tenths in the case of the EU, reaching -15.8 points, and six tenths in the euro zone, reaching -15.5 points.

Everything waiting for this Thursday to be published personal consumption expenditure price index (PCE, in English) for January in the United States, in addition to the preliminary CPI for February in Germany and Spain, while on Friday the eurozone inflation.

The single currency was exchanged today in a fluctuation band between 1.0799 and 1.0845 dollars.

DAX 40 up 0.25%

The main selective of the Frankfurt stock exchangehe DAX 40rose 0.25% this Wednesday to exceed 17,600 points and adds its sixth day at historical highs at the close thanks to the push of the aircraft manufacturer Airbus.

He DAX 40 closed the session at 17,601.22 points, while the technological index TEX fell 1.11% to 3,389.31 points.

In a day without major macroeconomic data in Germany, the day was marked by the business level, after Bloomberg published that American Airlines would be planning to buy around 100 narrow-body aircraft from Airbus and Boeing, although the European company would be awarded the largest part of them.

This led the company to lead the day in the German market, where it advanced 3.88%, and to drag other companies in the sector such as MTU Aero, which was in second position after its shares rose 2.15%.

At the opposite extreme was the technology company Infineon, which lost 4.04%, after yesterday leading the day with the same figure but positively.

Along with it, the biggest red numbers were marked by the real estate group Vonovia (-2.4%) and the pharmaceutical company Bayer (-1.97%).

All waiting for this next Thursday, German companies to continue with their round of presentation of 2023 financial results, with the turn of the wind turbine company Nordex and the personal care company Beiersdorf.

In addition, tomorrow the inflation data for February in Germany will also be known, after the year-on-year rate in January stood at 2.9%, the lowest level since 2021.

The Paris Stock Exchange with a marginal advance of 0.08%

The Paris Stock Exchange remained almost flat this Wednesday, with a marginal advance of the CAC 40 that rose 0.08%, at the end of a session of ups and downs in which investors remained apathetic waiting for tomorrow’s data to be announced. January inflation in the US

The main indicator of the Parisian market closed at 7,954.39 points and remains very close to its historical record.

Airbus led the gains prominently, up 3.86%. Saint-Gobian (1.51%), Alstom (1.39%) and Legrand (1.34%) also recorded significant increases.

Teleperformance, specialized in call centers, plummeted 14.14% as a result of the announcement yesterday by the Swedish technology company Klarna about a new artificial intelligence tool that could put the French firm’s business model at risk.

In addition, STMicroelectronics lost 3.17% and Edenred lost another 2.95%.

The London Stock Exchange closes with a decrease of 0.76%

The London Stock Exchange closed this Wednesday with a drop of 0.76% due to widespread falls, especially in the mining sector.

The index FTSE-100 fell 58.04 points to 7,624.98 points, while the secondary index FTSE-250 It fell 150.08 points, 0.78%, to 19,013.58 points.

Among the companies that lost on this day, the Anglo American mining company stood out, which fell 2.97%, and also the Fresnillo mining company, which fell 3.48%, while the financial sector firm St James’s Place fell 18.55% and the real estate company Taylor Wimpey fell 4.77%.

Meanwhile, the banking sector registered increases. Among the promotions, Barclays bank stood out, which rose 1.22%, and NatWest, which rose 1.20%. The aircraft engine manufacturer Rolls-Royce also rose 3.32%.

The telecommunications company Vodafone also advanced 1.91% after reporting that it is in exclusive talks with the Swiss Swisscom for the sale of its Italian subsidiary for 8,000 million euros in cash.

Vodafone Group said in a statement that, subject to closing the corresponding binding documentation, the parties have agreed that Swisscom will acquire Vodafone Italia for that value, which includes the debt.

The Spanish stock market loses 0.45%

The Spanish stock market fell 0.45% this Wednesday and lost the level of 10,100 points, affected by the fall in the energy sector and Wall Street, according to market data.

The main indicator of the Spanish market, the IBEX 35lost 45.2 points, that is 0.45%, up to 10,068.6 points, thereby once again incurring losses in the annual calculation, amounting to 0.33%.

The Spanish Stock Market recorded losses for most of the session that were reduced at the end of the day due to the decrease in the fall of Wall Street (0.2% at the Spanish close), after the revised US GDP for 2023 was published, when grew 3.1%, unchanged from the preliminary data. The barrel of Brent oil fell 0.23% and changed to $83.46.

Of the large values, Repsol fell 0.98%, BBVA 0.53%, Iberdrola 0.52% and Inditex 0.07%, while Banco Santander rose 0.99% (fourth highest increase in the IBEX) and Telefónica 0.47%.

The Milan Stock Exchange loses 0.27%

The Milan Stock Exchange closed lower and its selective index FTSE MIB lost 0.27%, reaching 32,617.96 points, in a day marked by uncertainty after the good results of recent days waiting to know tomorrow the data of the Fed inflation.

For its part, the general index FTSE Italia All-Share It lost 0.31% and reached 34,741.13 integers.

During the session, 529 million shares changed hands for a value of 2,312 million euros.

Investors in Milan were cautious as they waited for some important macro data to guess the path of rates, such as the Fed’s price indicator, on Thursday, while the signals in the country were contradictory, as the index of consumer confidence, but that of companies fell.

The biggest increases were recorded by the automobile manufacturer Ferrari, which gained 1.41%, ahead of the fiber optic cable producer Prysmian (1.33%), the luxury fashion brand Brunello Cucinelli (1.25%) and the Banca Monte Paschi Siena ( 0.89%).

On the other hand, the worst results of the session were signed by the digital banking payment brand Nexi (3.48%).

The beverage brand Campari (3.38%), the component and semiconductor producer Stmicroelectronics (3.2%) and the wind group Erg (2.59%) also closed in the red.

You might also be interested: “US economy grew 3.2% in the fourth quarter of 2023”

Related news