Stock indices of the largest countries in Western Europe show weak and multidirectional changes during trading on Tuesday.
The composite index of the largest enterprises in the Stoxx Europe 600 region by 11:27 Moscow time increased by 0.15% and amounted to 413.99 points.
The German DAX indicator rose by 0.07%, the British FTSE 100 – by 0.2%, the Spanish IBEX 35 – by 0.03%. The French CAC 40 fell 0.07%, while the Italian FTSE MIB shed 0.33%.
Traders this week are looking forward to the meeting of the European Central Bank (ECB), which will be held on Thursday. At a meeting in July, the European Central Bank raised rates for the first time in 11 years, by 50 bp at once. The base interest rate on loans was raised to 0.5%, the rate on deposits – to zero, the rate on margin loans – to 0.75%.
The volume of orders of industrial enterprises in Germany in July fell by 1.1% compared to the previous month, the German Ministry of Economics reported.
Analysts on average expected a decline of 0.5%, according to data from Trading Economics. In June, according to revised data, the indicator fell by 0.3%, and not by 0.4%, as previously reported.
Shares of Volkswagen AG rise in price by 2.7%. The German carmaker has confirmed its intention to list the shares of luxury sports car manufacturer Porsche AG. The IPO could be the largest in German history and the largest in Europe since 1999, according to Refinitiv data.
Deutsche Lufthansa AG added 0.3% in price. The German airline will continue negotiations with the pilots’ union to avoid a strike that would lead to the cancellation of numerous flights.
Finnair Oyj’s shares are up 0.5%, although the Finnish carrier cut passenger numbers by 12% in August compared to the previous month.
Among the growth leaders among the components of the Stoxx Europe 600 index are shares of the German food delivery service Delivery Hero SE, which added 7.5%.
In addition, shares of Polymetal International PLC (+7.4%) and British bakery chain Greggs PLC (+6.7%) are steadily rising in price.
