Most Western European stock indices are declining in trading on Thursday, despite the weakening of geopolitical risks.
The exception is the German indicator.
By 11:30 a.m. Ksk the Stoxx Europe 600 composite index of the largest companies in the region had declined 0.16% to 429.50 points.
The British indicator FTSE 100 lost 0.5%, the French CAC 40 – 0.3%, the Italian FTSE MIB – 0.2%, the Spanish IBEX 35 – 0.3%. Meanwhile, Germany’s DAX stock index rose 0.35%.
Traders continue to evaluate quarterly company reports and statistical data.
Automobile sales in the European Union in October rose 12.2% year on year to 745,855,000, according to the European Automobile Manufacturers Association (ACEA).
The increase was marked the third month in a row, before that the figure was declining for thirteen months in a row.
Shares of ThyssenKrupp AG went down in price by 1.6%. The German industrial group, the largest steelmaker in the country, increased its net profit in the fourth fiscal quarter by 3.4 times and announced that it will pay dividends for the first time in four years.
Britain’s Burberry Group Plc, one of the world’s leading makers of luxury goods, increased pre-tax profits and revenue in the first fiscal quarter and reaffirmed its medium-term outlook. Its securities added 0.05%.
The leader of the fall among the components of the index Stoxx Europe 600 are papers of the British online retailer Ocado Group PLC, which fell in price by 6.1%.
The leaders of the growth are shares of German Siemens AG, which added 6.8%. The company increased its dividend after reporting fourth-quarter earnings that beat analysts’ forecasts.
