Stock indices of the countries of Western Europe are changing multidirectionally at trading on Wednesday, but the overall dynamics is rather negative due to weak statistical data from the euro zone.
The composite index of the largest European companies Stoxx Europe 600 as of 11:47 a.m. fell by 0.16% and amounted to 459.09 points.
British indicator FTSE 100 added 0.13%, Italian FTSE MIB – 0.26%. Meanwhile, Germany’s DAX lost 0.3%, France’s CAC 40 lost 0.25% and Spain’s IBEX 35 lost 0.23%.
The composite index of business and consumer confidence in the eurozone in August fell to 93.3 points from 94.5 points a month earlier. The index fell for the fourth consecutive month, and its value became the lowest since November 2020.
Meanwhile, inflation in Spain accelerated to 2.6% in August from 2.3% in July, preliminary official data showed. Excluding energy and food prices, consumer prices rose 6.1% in August after rising 6.2% in July.
Prices of goods imported into Germany collapsed 13.2% in July, the fastest pace since January 1987, due to falling energy costs, the country’s Federal Statistical Office (Destatis) said.
Producer prices in Austria fell 1.3% year-on-year in July, declining for the first time in two and a half years.
Shares of British insurer Prudential Plc. are rising 3.3% on data showing operating profit rose 6% in the first half of the year to $1.46 billion.
Meanwhile, ASR Nederland’s securities are getting cheaper by 0.5%. The Dutch insurance company posted an operating profit of €460 million in the first half of the year against a revised €454 million in the same period a year earlier.
Quotes securities Rio Tinto in London are up 0.7%, while the market value of Anglo American, Glencore and Antofagasta declines by 0.1-1%.
The price of securities of British banks Barclays, Standard Chartered and Lloyds increases by about 0.8%.
In Germany, the leader of growth are the shares of Commerzbank, rising in price by 1.3%, the leaders of the decline – the securities of RWE and Siemens Energy, falling in price by 3.4% and 2.6%, respectively.
At the auction in Milan actively growing quotations of securities Banca Monte dei Paschi di Siena (by 2.3%), in Paris – shares Capgemini (by 1.3%), and in Madrid falls in the price of shares Iberdrola (by 2.5%).
